The Bidding Price Of VN Alloy Has Dropped, And The Quotation Of Vanadium Raw Materials Has Slightly Loosened Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 160,000-163,000 CNY/Ton (by acceptance), ferrovanadium is 117,000-118,000 CNY/Ton (by acceptance); retail V2O5 flake is 107,000-108,000 CNY/Ton in cash, and ammonium metavanadate is 102,000-103,000 CNY/Ton in cash.

In terms of alloys: Vanadium nitrogen alloy bidding price continues to be under pressure, reaching 160,000-163,000 CNY/Ton (by acceptance). Traders are actively shipping, with a quotation of around 159,000-160,000 CNY/Ton in cash, and a small amount of transactions are around 158,000 CNY/Ton in cash; The psychological impact of buying up rather than buying down has increased the overall wait-and-see sentiment in the market, with fewer actual transactions in the retail market. The transaction of ferrovanadium is light, and downstream demand remains weak, showing a slight lack of market value; However, the cost pressure on manufacturers is still ongoing, and their willingness to ship at low prices is currently not strong. Today, we will pay attention to the pricing of 40 tons of vanadium nitrogen and 30 tons of ferrovanadium at Laiwu Steel.
In terms of raw materials, downstream alloy transactions have weakened, and it is difficult to trade retail V2O5 flake at high prices; Most downstream inquiries are expected to decrease to within 105,000 CNY/Ton in cash, but retail holders remain reluctant to sell, with higher quotations reduced but limited supply of low-priced goods. Downstream procurement of ammonium metavanadate is cautious, and it is difficult to achieve transactions above 103,000 CNY/Ton in cash. Some just-needed inquiries are expected to be 100,000-101,000 CNY/Ton in cash, but it is temporarily difficult to find sources below 102,000 CNY/Ton.