Vanadium Weekly Review during 28 August – 1 September, 2023 This week, the domestic vanadium market fell, and the prices of various products were reduced by RMB 2,500-7,000/ton. V2O5 Flake production remains high, alloy demand continues to be weak, and the contradiction between supply and demand is difficult to improve. At the beginning of the week, the bidding price of vanadium-nitrogen alloy fell first, and then the large vanadium pentoxide flake plant in the north lowered the long-term order price, and there are few orders signed. V2O5 Flake stockholders panicked and sold goods as the quotation of V2O5 Flake retailers jumped at the price of 100,000 Yuan/ton by cash which lead the quotation of Ammonium Metavanadate fell at the same time. But the transaction situation was still poor.The atmosphere of vanadium market is gloomy, and some vanadium companies are bearish about the market outlook. Alloy factories are cautious in purchasing raw materials, continue to wait and see bidding of steel mills, and pay attention to the follow-up pricing of major vanadium factories in Southwest China in September.

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