Vanadium Prices Fell Slightly This Week Up to now, no mainstream steel mills have started bidding for procurement. The market has a heavy wait-and-see atmosphere when the holiday is approaching. In addition, the price of large V2O5 flake factories remains unchanged. Although the vanadium market has been down since this week, the price of mainstream products such as V2O5 flake and VN alloy have decreased by about half of that of last week. However, from the perspective of comprehensive supply and demand, the situation of market oversupply has not been changed well, no matter whether the steel plant bidding is before or after the festival, the total demand can not consume the excess supply in a short time. It is expected that the demand of vanadium market is still not optimistic after the festival.
Since this week, the turnover of ammonium metavanadate is very rare, the manufacturers have reduced production, and the manufacturers in production are reluctant to sell at a low price. They are not optimistic about the future market. Therefore, a small amount of production will be maintained in the short term. If the market is depressed for a long time, factories will stop production in winter. At present, the downstream accepted price of chemical grade ammonium metavanadate is only 93000-94000 yuan / ton by cash, and the transaction price of metallurgical grade is 91000-91500 yuan / ton, and the price of ammonium polyvanadate is also around this price.
Yesterday, some large alloy factories publicly said that they would purchase a large number of retail V2O5 flakes. However, the purchasing mentality of alloy manufacturers was not affected by the news, and continued to reduce the price to purchase at the price of 94000-94500 yuan / ton by cash. There was no source of goods lower than 94500 yuan / ton in the market, and some bulk goods began to maintain 95000 yuan / ton. If the actual procurement does increase, the supply in bulk market may be tight. In any case, the possibility of continuous decline of V2O5 flake in bulk market before the festival is reduced, but it is also limited to the short-term market before the festival, and there is still no good support after the festival.
At present, it is still difficult to get a deal in ferrovanadium market. Large factories have good circulation in the market. However, due to the superposition of profit space and high cost, it is difficult for the traders to sell the spot goods. Most of the traders are already facing losses. The small concession price of imported ferrovanadium is 99000 yuan / ton by cash. However, there are few inquiries recently, the actual transaction intention is not large, the quotation of processing factories is about 100000-102000 yuan / ton by cash.
At present, the transaction price of VN alloy is maintained at about 147000 yuan / ton, and the manufacturer’s quotation is between 148000 yuan / ton and 150000 yuan / ton. In terms of inventory, the pressure on spot stock of manufacturers is not large. The current market supply
margin is mainly from raw material side, and the raw materials prepared by alloy manufacturers are mainly required during the holiday period. At present, more than half of the alloy plants have completed the preparation, waiting for steel plant bidding. The possibility of price adjustment from large V2O5 flake factories is low. If the price of V2O5 flake stops falling and the manufacturers’ inventory pressure is not large, there is not much room for price reduction of this round of steel plant bidding. In addition, the actual inventory of the downstream construction steel market decreased slightly, and the actual consumption of the market was limited, and the construction steel market is likely to remain weak in the short term.
In October, there will be still a surplus in vanadium supply market, and the terminal consumption is not good as expected. Recently, the increase of raw material inquiry is judged as a short-term behavior. At this time, it is necessary to be very cautious in operation.