VN Transactions Continue To Decline, With A Strong Wait-and-see Atmosphere In The Vanadium Market Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 159,000-161,000 CNY/Ton (by acceptance), ferrovanadium is 117,000-118,000 CNY/Ton (by acceptance); retail V2O5 flake is 105,000-106,000 CNY/Ton in cash, and ammonium metavanadate is 101,000-102,000 CNY/Ton in cash.

In terms of alloys: The bidding volume for vanadium nitrogen alloy in representative steel mills has significantly decreased, coupled with the continuous decline in the price of threaded steel, the procurement of steel mills continues to push down prices, and the bidding for vanadium nitrogen alloy continues to be weak. Manufacturers of vanadium nitrogen alloy with inverted production have reduced their quotations and are waiting on the market. Traders are offering around 158,000 CNY/Ton in cash, making it difficult to get transactions. The high price of ferrovanadium makes it difficult to trade, and the market quotation is loose. Most manufacturers offer around 116,000-117,000 CNY/Ton in cash, but it is difficult to trade goods above 115,000 CNY/Ton in cash.
In terms of raw materials, market inquiries have decreased and transactions have slowed down. Under cost pressure, alloy factories have increased their pressure on the price of V2O5 flake, and retail prices for V2O5 flake have been lowered to around 105,000-107,000 CNY/Ton in cash due to high transaction difficulties; But as alloy transactions continue to decline, some downstream companies are also unwilling to accept orders for 105,000 CNY/Ton sources of goods. Downstream transactions are all weak, and the price of ammonium metavanadate has also slightly decreased. However, manufacturers are still reluctant to sell at low prices, and the reduction is relatively small. Although there are not many low price sources, it is also difficult to trade at high prices.