Vanadium-nitrogen Alloy Profit Statistics From 22 To 26 May 2023

www.ferroalloynet.com: This week, vanadium nitrogen alloy rose first and then fell, with mainstream transactions falling from 162,000-165,000 CNY/Ton (by acceptance) to around 159,000-161,000 CNY/Ton (by acceptance), a decrease of about 3,500 CNY/Ton compared to last week. The main reason is that the procurement volume of large and medium-sized enterprises is low, and in the case of low level fluctuations in threaded steel, steel mills have made great efforts to reduce the purchase price of vanadium alloys, and the transaction of vanadium nitrogen alloys has been under pressure and declined.

Date VN Price Change VN Cost VN Profit Unit
22-May 164,000 ↑2,500 162,700 1,300 CNY/Ton
23-May 164,000 162,700 1,300 CNY/Ton
24-May 162,000 ↓2,000 162,700 -700 CNY/Ton
25-May 159,500 ↓2,500 162,700 -3,200 CNY/Ton
26-May 158,000 ↓1,500 159,800 -1,800 CNY/Ton

At the beginning of the week, retail V2O5 flake prices have been raised to around 109,000-110,000 CNY/Ton in cash. However, as alloy transactions weaken, downstream acceptance for high-priced V2O5 flake is weak, and retail prices have gradually been lowered to around 105,000-106,000 CNY/Ton in cash. However, the decline in vanadium nitrogen alloy has been greater, and the actual production fell into an upside down again. (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).

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