Retail V2O5 Flake Quotations Are Firm, And Vanadium Alloy Operation Is Under Pressure With the resumption of the market at the beginning of the week, retail V2O5 flake quotations remained strong, with 109,000-111,000 CNY/T in cash, and the actual transaction was still around 109,000 CNY/T in cash; high-level transactions still need to be followed up, but low-priced sources are hard to find.

Vanadium-nitrogen alloy: Last week, vanadium-nitrogen alloy steel bids were concentrated at 162,000-164,000 CNY/T by acceptances, and a small number of retail transactions were around 162,000-163,000 CNY/T in cash. Currently, vanadium-nitrogen manufacturers mostly offer 165,000-168,000 CNY/T in cash. Except for just-needed purchases, vanadium-nitrogen manufacturers are less willing to purchase high-priced raw materials. According to the current vanadium 109,000 CNY/T by cash equivalent to nearly 165,000 CNY/T of vanadium-nitrogen alloy by cash, the actual transaction and cost of vanadium-nitrogen are still far from each other, so the upside down pressure of vanadium-nitrogen production continues to increase.

Ferrovanadium: After the price of raw materials continues to rise, the quotations of ferrovanadium manufacturers have also increased, ranging from 118,000-122,000 CNY/T by cash. However, the actual transactions of ferrovanadium have been relatively small recently, and the transactions are mainly scattered and small orders.

This month’s steel recruitment has come to an end, but with the recent sharp drop in steel prices, steel mills have placed greater pressure on alloy purchases, and vanadium alloys continue to operate under pressure.