Vanadium-nitrogen Alloy Profit Statistics From 17 To 21 April 2023 This week, the vanadium-nitrogen alloy transaction remained weak, and the mainstream price dropped to 172,000-174,000 CNY/Ton (by acceptance with tax), which was about 7,000 CNY/Ton lower than last week. From the beginning of the month to the present, the total price of vanadium nitrogen alloy has dropped by about 23,500 CNY/Ton. The production and operation pressure of vanadium-nitrogen alloy manufacturers is high, and most of them are still in the state of suspending or reducing production recently.

Date VN Price Change VN Cost VN Profit Unit
17-Apr 175,000 ↓3,000 178,300 -3,300 CNY/Ton
18-Apr 175,000 175,400 -400 CNY/Ton
19-Apr 175,000 175,400 -400 CNY/Ton
20-Apr 175,000 174,000 1,000 CNY/Ton
21-Apr 171,000 ↓4,000 169,800 1,200 CNY/Ton

The transaction of alloys continued to drop, the downstream was weak in receiving raw materials, and it was difficult for retail V2O5 flake to trade at high prices, and the holders were forced to lower prices to promote transactions. At present, the mainstream price of retail V2O5 flake is around 112,000-113,000 CNY/Ton in cash. The northern V2O5 flake plant also lowered the price again to 115,000 CNY/Ton (by acceptance), and the cash price was 113,000 CNY/Ton on Friday; However, the steel mills’ purchasing price reduction efforts have not diminished, and the pricing of individual steel mills has dropped to 169,500 CNY/Ton in cash. Some alloy factories have low acceptance of raw materials at current prices, and the overall enthusiasm for production is still low. (The data in this article are only theoretical values. For the actual situation, please focus on real transactions. The reference price of V2O5 flake is mainly in the retail market, and the V2O5 flake price of major manufacturers is not included in the calculation).