The Decline Of VN Is Difficult To Stop, And It Is Difficult To Trade V2o5 Flake At High Prices
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 147,000-150,000 CNY/Ton (by acceptance), ferrovanadium is 112,000-113,000 CNY/Ton (by acceptance); retail V2O5 flake is 98,000-99,000 CNY/Ton in cash, and ammonium metavanadate is 95,000-96,000 CNY/Ton in cash.
In terms of alloys: the bidding price of vanadium-nitrogen alloy continued to decline. Yesterday, the price continued to drop to around 147,000-150,000 CNY/Ton (by acceptance), which was nearly 7,000 CNY/Ton lower than last week’s price, a decrease of about 4.5%. Transactions continue to fall, traders are more cautious in purchasing, and retail transactions are few. The decline in raw material prices has made it difficult to transact at high prices for ferrovanadium. Manufacturers have successively lowered their quotations to around 110,000-112,000 CNY/Ton in cash, but actually, it is also difficult to transact. Most inquiries from downstream traders are expected to be within 110,000 CNY/Ton in cash.
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