The Bidding Price Of Vanadium Nitrogen Alloy Fell Slightly
www.ferroalloynet.com: Summary of domestic vanadium product quotations today: ammonium metavanadate is 102,000-103,000 CNY/Ton, retail V2O5 flake is 106,500-107,000 CNY/Ton, ferrovanadium is 116,000-117,000 CNY/Ton, and vanadium-nitrogen alloy is 161,000-163,000 CNY/Ton, are prices are in cash including tax.
Today, the price of vanadium nitrogen alloy is reduced by 1,000 CNY/Ton. Yesterday, the bidding price of vanadium-nitrogen alloy dropped slightly to 163,000 CNY/Ton (by acceptance with tax). The terminal demand followed up. Manufacturers quoted actively, oversupply of vanadium-nitrogen alloy, the price reduction efforts of steel mills have been strengthened, and the final bidding prices have fallen. The ferrovanadium market is a little cold, and after the steel mill’s bidding, retail transactions are weak. Looking at the raw material side, it is difficult to inquire ammonium metavanadate at low prices, high-level transactions are limited, and downstream alloy factories hold a wait-and-see attitude; retail V2O5 flake quotations are loose. Although there are inquiries from downstream alloy factories, the price expectations are limited. Therefore, it is not easy to trade V2O5 flake at a high level. The actual transaction is basically the same as that of large factories, and the future price is slightly lower by about 500 CNY/Ton.
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