V2O5 Flake Prices Continue To Drop, And The Bidding Price Of Alloys Decrease

www.ferroalloynet.com: The domestic vanadium price continued to drop by 2,000-4,000 CNY/Ton today. The vanadium-nitrogen alloy fell by nearly 7,000 CNY/Ton this week. Yesterday, the bidding price of Qujing Chenggang fell below the cash price of 170,000 CNY/Ton, manufacturers are calm and concerned about new trends in price adjustments by large scale V2O5 flake manufacturers. The transaction in the ferrovanadium market is weak, the demand is light, manufacturers stop production, and the retail market has few transactions, paying attention to today’s bidding situation. On the raw material side, inquiries for V2O5 flake from downstream alloy factories increased yesterday, and the intended purchase price is 110,000-111,000 CNY/Ton in cash, such low-priced resources are relatively few, manufacturers and traders’ intention prices are 113,000-115,000 CNY/Ton in cash. Raw material manufacturers are reluctant to sell, and some manufacturers said that they will not quote in the short term, and wait and see the development of the vanadium market next month; most alloy factories are still not optimistic about the market in the short term, the acceptance of high-priced raw materials is not high, and the transaction is deadlocked.