www.ferroalloynet.com: Today, the domestic vanadium price has been lowered by 1,000-3,000 CNY/Ton. Last week, the vanadium market continued to run weakly. The bidding price of vanadium-nitrogen alloys took the lead in falling sharply. Downstream enterprises generally increased their efforts on production reduction, and significantly suppressed the prices of raw materials, which drove down the simultaneous decline of V2O5 flake and ammonium metavanadate. Manufacturers were forced to follow price reduction, the overall market sentiment is not good.
Today’s downstream alloy factories have low quotation intentions, the alloy is seriously upside down, and the market is unstable, so insiders mainly hold a wait-and-see attitude cautiously. Last Friday, after large scale V2O5 flake factories finalized prices at 120,000 CNY/Ton in cash, some alloy factories refused to receive orders, and a small amount of retail V2O5 flake transactions fell to 118,000 CNY/Ton in cash. Northern V2O5 flake traders increased their shipment intentions and quoted at 118,000-119,000 CNY/Ton in cash. This week is in the middle of the month, there are few steel mill’s bidding, and the alloy market is relatively sluggish. The upstream and downstream vanadium enterprises focus on whether the big V2O5 flake factories can sign orders smoothly.
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