SMM11 March 9: today, the spot transaction price of vanadium retail investors is 10.6-107000 / ton, the spot mainstream transaction price of ferrovanadium is 11.6-118000 / ton, and the spot mainstream transaction price of vanadium-nitrogen alloy is 16-162000 / ton. Vanadium market price is running smoothly.
At present, the profit margins of vanadium ferrovanadium and vanadium-nitrogen alloys downstream of sheet vanadium have narrowed, and the traders of ferrovanadium and vanadium-nitrogen alloys are not optimistic that the market is mostly "back-to-back" trading, and the market circulation is reduced, so manufacturers are less willing to close transactions for high-priced vanadium sheets. But at the same time, because a large vanadium factory in Huludao said that it had stopped production, had inventory but did not quote at present, and the willingness to ship was not strong, sheet vanadium manufacturers had a strong price mentality in the case of reduced vanadium production in large factories, so the market as a whole was in a long-short stalemate.
To sum up: in the absence of a gap between supply and demand, the upstream is still pushing up the price, the downstream purchase is still not active, the price fluctuation space is narrowed, and the price is expected to remain stable tomorrow.
