SMM11 March 10th: today, the spot transaction prices of vanadium retail investors are 10.6-107000 / ton, the spot mainstream transaction prices of ferrovanadium are 11.6-118000 / ton, and the mainstream spot transaction prices of vanadium-nitrogen alloys are 16-162000 / ton. Vanadium market prices continue to be stable.
According to SMM, some sheet vanadium manufacturers began to raise prices, the price increased by 1000-2000 / ton, but due to the downstream ferrovanadium tender price has been slowly fluctuating down, lack of cost support for high-price sheet vanadium has no willingness to buy, so the sheet vanadium transaction price has remained stable.
Heavy snow has a certain impact on the shipment of ferrovanadium and vanadium-nitrogen alloys in Jinzhou, Liaoning Province, and the output of ferrovanadium and vanadium-nitrogen alloys in Jinzhou is reduced under the superposition of environmental protection policy.
SMM believes that under the environmental protection policy, both upstream and downstream manufacturers are reducing production, and the circulation rate of goods in shopping malls is reduced. At present, the market wait-and-see mood continues, and the price of vanadium will remain stable in the near future.
