SMM12 March 1st News: today's spot transaction price of vanadium is 11.5-121000 yuan / ton, down 500 yuan / ton compared with yesterday; the spot mainstream transaction price of ferrovanadium is 12.7-129000 yuan / ton, down 2000 yuan / ton compared with yesterday; the spot mainstream transaction price of vanadium-nitrogen alloy is 18-183000 / ton, down 1000 yuan / ton compared with last week.
As some large vanadium factories continue to stop production and maintenance in December, the supply of vanadium may still be tight, so the current vanadium market continues to operate in a stalemate, and traders have a cautious wait-and-see mentality. But according to SMM, three factories will resume production in December, with a total output of about 400t. In the case of low demand for sheet vanadium in December, the shortage of sheet vanadium supply will ease or even disappear. Recently, ferrovanadium trading has been in the doldrums, due to the decline in sheet vanadium prices, ferrovanadium cost support weakened, today some manufacturers have begun to ship at low prices, ferrovanadium prices have fallen greatly. Some vanadium-nitrogen alloy manufacturers said that the spot transaction price of 180000 yuan / ton including tax has been upside down, so the price of vanadium-nitrogen alloy has not fallen below 180000 yuan / ton today. However, if the price of sheet vanadium continues to fall, the prices of ferrovanadium and vanadium-nitrogen alloys will continue to fall.
SMM believes that the current sheet vanadium supply may have rebounded, but the market demand is difficult to put volume, coupled with the recent decline in the transaction prices of ferrovanadium and vanadium-nitrogen alloys, the vanadium market will mainly decline in a narrow range in the near future. Recently, ferrovanadium trading has been in the doldrums, due to the decline in sheet vanadium prices, ferrovanadium cost support weakened, today some manufacturers have begun to ship at low prices, ferrovanadium prices have fallen greatly. Some vanadium-nitrogen alloy manufacturers said that the spot transaction price of 180000 yuan / ton including tax has been upside down, so the price of vanadium-nitrogen alloy has not fallen below 180000 yuan / ton today. However, if the price of sheet vanadium continues to fall, the prices of ferrovanadium and vanadium-nitrogen alloys will continue to fall.
SMM believes that the current sheet vanadium supply may have rebounded, but the market demand is difficult to put volume, coupled with the recent decline in the transaction prices of ferrovanadium and vanadium-nitrogen alloys, the vanadium market will mainly decline in a narrow range in the near future.
