Terminal Procurement Is Irresolute As Vanadium Prices Edges Up And Market Remains Firm

www.ferroalloynet.com: In recent days, due to the reversal of market mentality, both upstream and downstream quotations have been adjusted to varying degrees, and transaction prices have also increased slightly, but it also led to hesitation in terminal procurement. At present, the cash price quoted by the factories is CNY 200,000/t or more, and the trading is not going well. The price of V2O5 flake has also been raised. The cash quotations of small factories are CNY 135,000/t, and no deal has been concluded.

For the terminal, the price of screw steel is still falling, the demand of steel mills is continually weak, the external environment is not good for vanadium prices, and the later price rise is mostly due to the short-term supply and demand and psychological changes amid the vanadium market. Therefore, the price range of the future market is not expected to be large.