Sheet vanadium price resource shortage vanadium nitrogen alloy steel good [SMM vanadium spot KuaiBao]

Published: Dec 13, 2021 15:21

Source: SMM

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[SMM Vanadium Daily Review: sheet Vanadium Price Resource shortage Vanadium nitrogen Alloy Steel] SMM December 13, SMM: today, the mainstream transaction price of sheet vanadium is 11.6-129000 yuan / ton in cash, up 1000 yuan / ton over last week; the mainstream transaction price of ferrovanadium is 12.8-131000 yuan / ton in cash, up 500 yuan / ton over last week; the mainstream transaction price of vanadium-nitrogen alloy is 18.8-191000 yuan / ton, up 2000 yuan / ton compared to last week.

SMM12 March 13th: today, the mainstream transaction price of vanadium retail investors is 11.6-129000 yuan / ton in cash, up 1000 yuan / ton from last week; the mainstream transaction price of ferrovanadium is 12.8-131000 yuan / ton in cash, up 500 yuan / ton from last week; and the mainstream transaction price of vanadium-nitrogen alloy is 18.8-191000 yuan / ton, up 2000 yuan / ton compared with last week.

"Click to view the spot quotation of SMM vanadium products

Today, the big factory issued the latest vanadium-nitrogen alloy, ferrovanadium listing quotation, in which vanadium-nitrogen alloy quotation increased by 6000 yuan / ton to 192000 yuan / ton, ferrovanadium quotation was unchanged at 132000 yuan / ton, all including tax acceptance terminal quotations. According to SMM, the domestic vanadium price rose again last week, and the tender price of the latest vanadium-nitrogen alloy in steel mills also rose to more than 190000 yuan / ton. Among them, a steel factory in Guangdong invited tender for 100t on Friday, priced at 194000 yuan / ton including tax acceptance, 80 tons at a northwest steel plant, priced at 195000 yuan / ton with tax acceptance, and a steel plant in Jiangsu province with a price of 190000 yuan / ton in cash including tax. This round of steel mill bidding price rise, so that the enthusiasm of the market bullish has been improved.

Today, the highest transaction price of sheet vanadium is as high as 129000 yuan / ton, and the price of sheet vanadium is once again facing the mark of 130000 yuan / ton. Some vanadium traders said that they are still optimistic about the future of vanadium, so the mentality of cherishing sales is still there, and there is still room for price increases.

SMM believes that the price rise in the vanadium market is relatively rational, and market transactions are more cautious, but due to the phenomenon of tight market resources in large factories, the price of vanadium will rise slightly in the near future, driving up the prices of vanadium-nitrogen alloys and ferrovanadium at the same time.

Price forecast quotation daily review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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