Alloy Prices Declining, Vanadium Raw Materials In Stagnation The price of vanadium alloy has dropped quickly, and the players are in a stronger wait-and-see mood for the raw materials. Under a long-term stalement in transaction, more V2O5 flake traders were offering at 122,000-123,000 CNY/ton yesterday, but it was still difficult to make deals. The mainstream price of today’s V2O5 flake fell to 121,000-122,000 CNY/ton by cash. V2O5 powder was following the V2O5 flake and went down, and Hebei large factories still said no quotation at present; 98% chemical V2O5 powder fell to 127,000-130,000 CNY/ton by cash; 99% chemical V2O5 powder was 136,000-140,000 CNY/ton by cash.

Affected by the overall weak market in the downstream, high quotations of the ammonium metavanadate manufacturers decreased, and most of them made small adjustments according to the market. The mainstream transaction price was around 116,000-117,000 CNY/ton by cash.