Market wait and see to pick up vanadium market price stabilizes [SMM vanadium spot KuaiBao]

SMM12 March 21: today, the mainstream transaction price of vanadium is 12.4-128000 yuan / ton in cash; the mainstream transaction price of ferrovanadium is 12.6-128000 yuan / ton in cash; and the mainstream transaction price of vanadium-nitrogen alloy is 18.3-187000 yuan / ton. Today, the price of vanadium has stabilized in the market.

"Click to view the spot quotation of SMM vanadium products

According to SMM, Sichuan Desheng plans to start the resumption of blast furnace production on December 25. after the resumption of blast furnace production, Desheng said that it would use ordinary ore for more than a week, and then use vanadium titanium magnetite, and it would take about mid-late January for sheet vanadium to be produced.

Today, the price of vanadium market begins to stabilize, the game atmosphere of supply and demand stalemate is strong, most of the transactions are "not high but not low", most traders wait and see carefully, and the enthusiasm for purchasing goods is general; in the short term, due to the increase in the supply of vanadium, but the imbalance between supply and demand has not been broken, so the fundamentals of vanadium city are more and more empty, and will continue the tug-of-war trend of rising and falling dilemmas.

SMM believes that recently, some steel mills have begun to resume production, the demand for tenders may increase at the end of the month, and the demand for vanadium alloys will increase. However, due to the increase in sheet vanadium shipments at the end of the month, and the downstream has no desire to buy high-priced sheet vanadium under the pressure of cost, the vanadium market will operate stably in the short term.