Consolidated quotations of VN are expected to underpin vanadium market

Date: Dec 20, 2018

www.ferroalloynet.comVanadium market transaction remains thin and some steel mills look for low-priced vanadium-nitrogen and inquire at the price of 300000 rmb/ton by acceptance. Desheng quotes V2O5 flake at the same price of 250000 rmb/ton by acceptance and the prices in Chengde region are about 215000 rmb/ton by acceptance. However, vanadium-nitrogen manufacturers quote 360000-370000 rmb/ton in order to underpin the market prices. Thus, the trading activity falls into standoff and the market is full od wait-and-see sentiment.

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