Vanadium Alloy Bidding Prices Continue To Decline, Retail V2o5 Flake Prices Fell Slightly
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 139,000-142,000 CNY/Ton (by acceptance), ferrovanadium is 101,000-105,000 CNY/Ton (by acceptance); retail V2O5 flake is 91,000-92,000 CNY/Ton in cash.
Shaogang and Egang have stepped up their efforts to lower prices for vanadium-nitrogen alloy purchases, and the bidding price has not yet been finalized. Traders have become more sentimental about selling and cashing out, and have made small price concessions to 138,000-139,000 CNY/Ton in cash to facilitate transactions. The pressure on manufacturers’ production costs is still there. Most of the quotations are currently not less than 140,000 CNY/Ton in cash, and the higher quotations are still around 145,000 CNY/Ton, in fact, it is difficult to complete the transaction. Individual ferrovanadium bidding prices also came under pressure and fell to about 101,000 CNY/Ton (by acceptance). The market’s high quotations decreased. Liaoning manufacturers mainly quoted at 103,000-105,000 CNY/Ton in cash. Most traders were waiting and watching, and downstream inquiries were light.
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