However, the spot delivery price of China ferrovanadium manufacturer 80# ferrovanadium in the export market is 36.5-37 USD/kg of vanadium, but most exporters report that there are few market inquiries.
In addition, some domestic traders complain that the market is light and the price is low, and the ferrovanadium trade is basically at a loss. Recently, a trader in Qinghe, Hebei Province still has several tons of 50# ferrovanadium in stock, and the market price is 1.24 million yuan/ton. The man wanted to deal with his stock at a reduced price, but no deal was made these two days.
The recent market quotation of a smelter in Panzhihua can only reach 6.5438+0.28 million yuan/ton, and the market participants of the smelter still believe that the market price will continue to fall in the future. Because, at present, the demand for ferrovanadium in China market can't drive the price up. In addition, the person is actively seeking bidding for domestic steel mills, because some domestic steel mills will have annual vanadium-iron bidding at the end of the year. According to sources, an annual tender for ferrovanadium will be held in a steel plant in Hebei recently, and the specific date and quantity of the tender are to be confirmed.
Generally speaking, the current situation of China ferrovanadium market is still slow, and the market price will decrease steadily in the future.