www.ferroalloynet.com: The trading atmosphere in the vanadium market was cold. The quotations of retail V2O5 flake are mostly around 126,000-127,000 CNY/Ton in cash, but the purchase intention of downstream alloy factories and traders has decreased to less than 125,000 CNY/Ton in cash, and they are unwilling to accept the high price; some V2O5 flake holders reflected that there are not many stocks, and they are not eager to ship at low prices for the time being. The stalemate between the supply and demand of V2O5 flake continues, the actual transaction rhythm has slowed down significantly.
Vanadium-nitrogen alloys: Vanadium-nitrogen transactions have been relatively low recently, and manufacturers’ quotations have slightly loosened to around 190,000 CNY/Ton in cash, but the cost pressure is still there, and most of them are unwilling to ship at low prices; some traders place orders and push purchase prices down to 185,000 CNY/Ton in cash, it is difficult to find the source of goods at this price.
Ferrovanadium: As the downstream demand continues to weaken, the cash quotations of 126,000-127,000 CNY/Ton have increased again, and it is still difficult to make a deal because of the lack of real orders in the market. The price of V2O5 flake is still around 125,500-126,500 CNY/Ton in cash, and the production of ferrovanadium continues to be upside down; under cost pressure, most ferrovanadium manufacturers offer no less than 130,000 CNY/Ton in cash, and some manufacturers suspend quotations and wait and see the market.
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