Vanadium Weekly Review (6.3-6.6): Weak Demand, Vanadium Products Are Stable But Weak

This week, the vanadium market was stable but weak, and the transaction price of some products fell by 500-1500 yuan compared with last week. At the beginning of the month, vanadium alloy steel bids were sparse, and the weak demand situation remained unchanged. In addition, the price of rebar continued to fall at the beginning of last week. The overall pessimism of vanadium alloy manufacturers has increased, and the external quotations have decreased significantly. Most of them said that they would negotiate the price of the actual order. The weak alloy is cautious about the purchase of flake vanadium. The mainstream transaction of retail flake vanadium is basically around 73,000 yuan/ton cash. It is difficult to trade at a price higher than this. In the middle of the week, some scattered steel bids continued to suppress prices. Vanadium-nitrogen alloys were under pressure to fall to around 114,000-116,000 acceptances, and vanadium-iron steel bids were around 82,000-84,000 acceptances. The pressure of production inversion has deepened, and most alloy factories have further reduced their expectations for flake vanadium purchases to 72,000 cash, but it is difficult to find goods at this price.