The transaction of high-priced vanadium resources is blocked and the market as a whole remains stable [SMM Vanadium spot KuaiBao]

SMM11 March 2: today's sheet vanadium retail spot transaction price in 10.6-107500, ferrovanadium spot mainstream transaction price between 11.8-120000, vanadium nitrogen alloy spot mainstream transaction price between 16-16.3, vanadium market price is more stable than yesterday.

The news that the inventory of sheet vanadium is currently low and that large factories have maintenance in November makes retail investors have a high-price mentality, but due to the decrease in downstream trading volume of ferrovanadium and vanadium-nitrogen alloys, under the influence of 106000 of the spot unit price of large factories, the downstream has no willingness to purchase high-price vanadium, and is in a wait-and-see state of buying vanadium at low price and high price.

SMM believes that the current vanadium market has a strong flavor of game, the overall supply and demand of vanadium is reduced, supply and demand is relatively balanced, and it is expected that the short-term price will be stable.