Vanadium And Nitrogen Quotations Continue To Rebound At the beginning of the week, vanadium-nitrogen alloy manufacturers had a strong attitude of price rising, and their quotations were mostly 178,000-182,000 CNY/Ton (by acceptance), and mainstream transactions were around 177,000-178,000 CNY/Ton (by acceptance). Supported by the high price of raw V2O5 flake, the low quotations in the vanadium-nitrogen market continue to decrease, but the downstream is generally unwilling to take over the high prices; most trading companies have low expectations for inquiries, and purchases are cautious and wait-and-see sentiment is high. Individual vanadium and nitrogen manufacturers reported that the transaction volume was hundreds of tons at around 174,000-175,000 CNY/Ton in cash, but downstream factories still focused on inquiries or small orders for trial purchases if the price is on the high side.

The stalemate between the supply and demand sides still continues, most of insiders are still waiting for steel mills’ purchase prices.