Domestic vanadium market price continues to seesaw ferrovanadium price fell slightly [SMM vanadium spot KuaiBao]

SMM11 March 8: today's retail trading price of vanadium is between 10.6 and 107000 / ton, which is more stable than that of last Friday. The mainstream spot transaction price of ferrovanadium is between 11.6 and 118000 / ton, which is 1500 yuan / ton lower than that of last Friday.

Today, the price of sheet vanadium continues to be stable, although the downstream demand for sheet vanadium decreases, but in the case of reduced supply of vanadium in large factories, the price of sheet vanadium is still strong above 106000 / ton.

The price of ferrovanadium fell today, due to the lower demand for iron and steel production restrictions in the lower reaches, the decrease in the number of loose orders in the market, and the increasing pressure on manufacturers and traders of ferrovanadium to discharge stocks. The transaction price of some traders fell to 115000 / ton today.

SMM believes that the long-short game atmosphere in the domestic vanadium market has increased, and it is predicted that the vanadium price will decrease slightly in the future when the demand of steel mills and the supply of vanadium sheet decrease at the same time.