Vanadium Market Is In A Relatively Stable State
www.ferroalloynet.com: Although the large V2O5 flake factories are prepared to sign the orders, due to the quotation of large factories is superior to that of bulk goods, the downstream alloy manufacturers have a high willingness to purchase, while the large factories can sign a limited number of orders, so in recent two days, alloy manufacturers still inquire for raw materials in the bulk market. Alloy manufacturers are also firm in quotation, and some traders slightly lower price to sell. The bidding price of steel plant is relatively stable, it is expected that the market is mainly to be stable in the short term.
Due to the large number of pre orders of large factories, alloy manufacturers without long-term agreement with large factories have finished their wait-and-see and continue to inquire about the bulk market. At present, the price of V2O5 flake is currently 110,000 Yuan/ton in cash, and the bulk price can be maintained above this price. The transaction price of chemical grade ammonium metavanadate is 106,000-107,000 Yuan/ton, and a small amount of high price is as high as 110,000 Yuan/ton, but it is difficult to represent the mainstream of the market. The price of chemical grade V2O5 powder has been pushed up slowly, which is relatively inconsistent with high price raw materials. The transaction of metallurgical grade ammonium metavanadate is not much, which is about 104,000 Yuan/ton.
Up to now, the price quoted by ferrovanadium manufacturers is still around 110,000-112,000 Yuan/ton in cash. While, the actual transaction price is mainly about 109,000-110,000 Yuan/ton. Some small factories say that it is difficult to reach 110,000 Yuan/ton. The purchase price of traders is about 108,000-109,000 Yuan/ton, and a few transactions are up to 112,000 Yuan/ton in cash. The market also pulls out the price difference. The bidding price of steel plants is 112,000 Yuan/ton by acceptance.
At present, the difference between high and low prices in VN alloy market is still large. Up to now, the lowest price in the market is 168,000 Yuan/ton in cash, while the highest price is 173,000 Yuan/ton. The purchase price of traders is close to the lowest price, and the actual purchase price of steel plants is close to the highest price. Recently, the bidding price of steel plants is 172,000-175,000 Yuan/ton by acceptance, and the purchase price of some small steel plants is 172,000 Yuan/ton in cash.
As a whole, the vanadium market hovered at a high level, and transactions recovered after a short wait-and-see period. Bulk raw material shipments increased but with high prices. In the short term, there is no downside risk for vanadium prices. The pulling force of terminal demand in June is still strong.
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