[ferro-alloys.com]  Vanadium market still mainly keeps cautious wait-and-see situation concluded price of Vanadium Nitrogen Alloy has large difference

This week, price of Vanadium continues to keep smooth and steady running. At the aspect of price, raw material of Vanadium continues to be firm and prices of downstream products are stable, offer of 98% piece of vanadium is stable and concluded price of ready cash ranged from RMB 82,000 to RMB 83,500/mt; inventory of Vanadium Nitrogen Alloy is abundant and its concluded price has large difference, and the lower concluded price was at RMB 125,000, the higher concluded price was at RMB 131,000; concluded price of ready cash of Ferro Vanadium is mainly at RMB 88,000 to RMB 89,000. Besides, relation of supply and demand in steel market is relatively loose during a future certain period, and the price is expected to keep stable overall. At the aspect of trading volume, because purchasing demand of steel mill has been decreased compared to the earlier stage, and there is no batch transaction in the market, the fluctuation of overall trading volume of the market is relatively limited.

Currently the Vanadium market still mainly keeps cautious wait-and-see situation, most sellers are waiting the improve of the market, and most buyers are waiting and seeing because the market is in a upside down status and the purchasing at a low price is difficult. It is expected that after a period of the market that is in a stalemate, price of Vanadium will have a fluctuation to a certain extent. 

• [Editor:Wang Linyan]