The market is very reluctant to sell vanadium, and the price of vanadium is as high as 120000 [SMM vanadium spot KuaiBao]

SMM11 March 22nd: today's spot transaction price of vanadium is 10.6-120000 yuan / ton, up 2500 yuan / ton compared with last Friday; the mainstream spot transaction price of ferrovanadium is 12.3-128000 yuan / ton, up 2000 yuan / ton compared with last Friday's price; the mainstream spot transaction price of vanadium-nitrogen alloy is 17.5-178000 / ton, up 4500 yuan / ton compared with last Friday.

According to SMM, the current sheet vanadium prices continue to rise, mainly due to the decline in the output of large factories of sheet vanadium, downstream demand is difficult to meet, in the case of supply can not meet the demand, sheet vanadium retail investors and traders continue to report high prices; some manufacturers said 130000 yuan / ton later to consider shipping, some traders quoted today to 125000 yuan / ton, we continue to be optimistic about the future, so cherish sales sentiment continues to strengthen.

The prices of ferrovanadium and vanadium-nitrogen alloys are also rising, and the demand and prices for ferrovanadium and vanadium-nitrogen alloys are expected to rise with the start of steel mill bidding at the end of the month.

SMM believes that the price rise of sheet vanadium is not expected to abate in the near future, and ferrovanadium and vanadium-nitrogen alloys will continue to rise under the support of the cost of sheet vanadium. However, with the resumption of production in some vanadium factories in December, the tension between supply and demand has eased, and the rise of sheet vanadium will slow down.