www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 137,000-139,000 CNY/Ton (by acceptance), ferrovanadium is 100,000-103,000 CNY/Ton (by acceptance); retail V2O5 flake is 90,000-90,500 CNY/Ton in cash, and ammonium metavanadate is 87,000-88,000 CNY/Ton in cash.
In terms of alloys: Vanadium-nitrogen bidding prices were weak and stable yesterday, and manufacturers had different shipping attitudes. On the one hand, steel mill’s bidding has been concluded at the beginning of the month, and some manufacturers choose to sell according to the market conditions, quoting at 136,000-137,000 CNY/Ton in cash; on the other hand, due to high pressure on production costs, some manufacturers maintain their quotations at 139,000-141,000 CNY/Ton in cash, and are unwilling to sell at low prices. However, the inquiries from traders are expected to have dropped to less than 135,000 CNY/Ton in cash, low prices are difficult to find sources and high prices are difficult to sell goods. Recently, the bidding price of ferrovanadium has been around 100,000-103,000 CNY/Ton (by acceptance), and the manufacturers’ high-priced quotations have decreased. The current market quotations are concentrated at 101,000-102,000 CNY/Ton in cash.
For more information, please visit: https://www.ferroalloynet.com/analysis/it_is_hard_to_find_retail_v2o5_flake_at_low_prices_and_vanadium_alloy_tender_is_weak_and_stable.html
