Today, vanadium prices have steadily increase, with raw material prices increasing by 1,000 CNY/Ton. The domestic vanadium product market has maintained a strong growth trend, with raw materials being reluctant to sell, and no one offering prices. It is difficult to purchase ammonium metavanadate and V2O5 flake. Some alloy factories are actively purchasing raw materials, and their intended purchase prices have increased, but there is still no harvest. The trend of alloys is relatively clear. This week, the bidding price of vanadium nitrogen alloy has increased to 165,000 CNY/Ton (by acceptance with tax), while the bidding price of ferrovanadium has increased to 116,000 CNY/Ton (by acceptance with tax). The retail price is higher. Based on expectations for the raw material market, the quotation of vanadium nitrogen alloy has been raised to 163,000-165,000 CNY/Ton in cash, and the quotation of ferrovanadium is 118,000-120,000 CNY/Ton in cash. Low-priced resources are limited, and it is not easy to get transactions at high prices.
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