Steel Mills Stock Up Before Holiday, And Vanadium-nitrogen Alloy Quotations Rise Today’s summary of domestic vanadium product quotations: ammonium metavanadate is 85,000-86,000 CNY/Ton, retail V2O5 flake is 90,000-91,000 CNY/Ton, ferrovanadium is 99,000-100,000 CNY/Ton, and vanadium-nitrogen alloy is 135,000-137,000 CNY/Ton, all prices are in cash including tax.

Today, the price of vanadium-nitrogen alloy was increased by 1,000 CNY/Ton. The National Day holiday is gradually approaching. Some steel mills are stocking up before the holiday. The October steel recruitment is launched in advance, and demand is concentrated. The vanadium-nitrogen alloy market may show signs of stabilizing and stopping the decline. Some manufacturers have also raised their quotations to 135,000-136,000 CNY/Ton in cash. Most alloy factories still have low quotation intentions and are waiting for the market to rebound.


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