Retail VO5 Flake Continues To Decline, And VN Alloy Bidding Prices Are Still Weak Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 155,000-159,000 CNY/Ton (by acceptance), ferrovanadium is 115,000-116,000 CNY/Ton (by acceptance); retail V2O5 flake is 105,000-106,000 CNY/Ton in cash, and ammonium metavanadate is 99,000-100,000 CNY/Ton in cash.

In terms of alloys: vanadium-nitrogen alloy bidding prices continue to be under pressure, and yesterday’s price was 155,000-159,000 CNY/Ton (by acceptance), and the overall price difference is still large. The market sentiment is slightly pessimistic, and the enthusiasm of manufacturers to produce and quote is low; the price of 100 tons of vanadium nitrogen in Zenith Steel Group has not yet been priced, and today Laiwu Steel purchased 120 tons of vanadium nitrogen, and continue to pay attention to the pricing progress of medium and large steel mills. Ferrovanadium bidding prices continue to stabilized at around 115,000-116,000 CNY/Ton (by acceptance), manufacturers and traders are highly motivated to raise prices, and it is hard to find ferrovanadium at low prices for the time being.
In terms of raw materials: the production cost pressure of vanadium alloy continued to deepen, and the price of vanadium raw materials continued to be lowered to promote transactions. The mainstream price of retail V2O5 flake is 105,000-106,000 CNY/Ton in cash, and transactions above 105,000 CNY/Ton are not smooth. The decline of ammonium metavanadate has slightly expanded, some manufacturers and holders have lowered the price to 100,000 CNY/Ton in cash, and there are few transactions, most downstream purchases are expected to be less than 100,000 CNY/Ton.