The vanadium product market moves higher today.On one hand,the raw material market is tight.It is still hard for downstream companies to purchase although they are active in buying and accept the increase in price.On the other hand,the vanadium alloy market is chaotic.Companies are difficult to confirm cost mainly due to limited volumes from vanadium flake producers
1、The vanadium flake market is relatively tight.Some downstream companies also comment that they can accept the high price but conclusions are less.Actually,assessment from some small and medium vanadium flake companies are less.They are confused about confirm price because of less spot goods.
2、The ferromoly market continues to move higher,with some conclusions reach 21,0000-22,0000 yuan/t.A steel mill in Jiangxi province has tendered ferrovanadium about 32 tonnes at 21,0000 yuan/t in cash.Some high price has reached 21,5000-22,0000 yuan/t,but no conclusions are heard more than 22,0000 yuan/t.
3、The vanadium nitrogen alloy market performs well.Part of vanadium nitrogen companies has purchased some vanadium flake at 19,8000 yuan/t in acceptance,but it still can not feed their demand.Therefore they are forced to look for high price materials,which causes the increase in cost.Otherwise companies have to stop assessment or raise its price as it is hard to predict. |