The Vanadium Product Market Continues To Operate Weakly The market resumed at the beginning of the week, and the vanadium product market continued to be weak. The bidding price of vanadium-nitrogen alloy continued to decline over the weekend, and the bidding price of steel mills has fallen to 180,000-183,000 CNY/Ton (by acceptance); the mainstream transaction price in the vanadium-nitrogen market has dropped from 193,000-195,000 to 180,000-185,000 CNY/Ton (by acceptance), a total of 11,500 CNY/Ton decline during half a month. The transaction of ferrovanadium remained light. Manufacturers reported that there were very few downstream inquiries recently, and there were fewer bidding for ferrovanadium steel mills. The overall delivery pressure of ferrovanadium doubled, and the transaction fell slightly to 135,000-137,000 CNY/Ton (by acceptance).

Retail V2O5 flake investors made a small price cut to 123,000-124,000 CNY/Ton in cash again. Because the alloy has fallen at a faster rate, most manufacturers said that the current price of procurement are under great production pressure, so many of them still stay on the sidelines, and the overall psychological expectation price is low. As the vanadium pentoxide and alloy market continues to weaken, some ammonium metavanadate manufacturers slightly lower their prices to 116,000-118,000 CNY/Ton in cash, but there are not many low-priced sources in the market.