Domestic Vanadium Enterprises Gradually Start Operation This week, Domestic vanadium market continued weak trend, alloy end inquiry procurement is still light. Up to now, the quotation of raw material of V2O5 flake market is mainly 95000 yuan / ton, with a slightly higher transaction activity than other products of vanadium series. The latest quotation in ferrovanadium market is 100000-102000 yuan / ton by cash. The intention of quotation in bulk market is slightly decreasing. Vanadium nitrogen alloy continues the cold inquiry trend. The quotation of some manufacturers and large traders is 147000-148000 yuan / ton by cash. It is expected that there is still a small downward space for vanadium alloy steel bidding in March .

As for Hubei province, according to recent reports from some VN alloy manufacturers in Hubei, at present, goods in the areas except Wuhan can be barely exported with strict control, and each alloy factory also has a certain amount of inventory. According to the Hubei Provincial People’s government, all kinds of enterprises in the province will return to work no earlier than 24:00 on March 10, excepting for the enterprises involved in the prevention and control of epidemic situation, the operation of public utilities, the livelihood of the masses and other enterprises involved in the national economy and the people’s livelihood. Hubei vanadium companies also said they expected to return to work around mid March.

At present, the operating rate of V2O5 flakes enterprises are relatively close to normal, and the processing plants in Panzhihua area are basically back to work. The supply and demand of V2O5 flake are relatively balanced for the time being. Except for the VN alloy factories in Hubei area, the enterprises in other areas are generally starting, and the enterprises with low operating rate of ferrovanadium are gradually back to work. The vanadium products with relatively low operating rate are the upstream ammonium metavanadate and V2O5 powder enterprises. First, due to price reasons, ammonium metavanadate manufacturers are faced with loss and low intention to start production. In addition, the main production areas of ammonium metavanadate and V2O5 powder are mainly in Hunan and Hubei, with strict epidemic control. It is expected that the construction of Hunan and Hubei will be improved in March. According to the Traffic Management Bureau of the Ministry of public security, except for Hubei and Beijing, the road traffic are basically opened, the operation efficiency of the road network is significantly improved, traffic flow is steadily rising, and the traffic order is gradually restored. As for vanadium market, it is expected that March will be the adjustment recovery period. Vanadium production enterprises will gradually return to the state they were in years ago. The construction site will gradually return to work to consume terminal steel. Logistics will be smoothly opened to increase the spot flow. Due to the increase of vanadium alloy spot and the consumption time of steel stock, ferrovanadium and vanadium nitrogen alloy may face the risk of losing money in March.