Vanadium-Nitrogen Alloy Prices Continue To Fall Due To The Weak Demand

www.ferroalloynet.com: Some medium and large scale steel mills have delayed bidding, and the market demand for¬†vanadium-nitrogen alloys is weak. Major vanadium-nitrogen alloy manufacturers continued to suspend their quotations, and some small factories’ quotations were once again lowered to 189,000-193,000 CNY/Ton by acceptance. Some manufacturers reported that the current state of vanadium-nitrogen is obvious, and it is difficult to make a deal under the condition of weak demand. Most ferrovanadium manufacturers also indicated that there are few new downstream orders recently, but under the pressure of cost, the quotations of ferrovanadium plants have remained stable, and the transaction is still about 139,000-140,000 CNY/Ton by acceptance.

Downstream alloy manufacturers are under increasing pressure on costs. Although V2O5 flake prices have fallen, most of them have not yet reached their psychological expectations. The pace of V2O5 flake transactions has been slow. The mainstream retail quotations are 127,000-128,000 CNY/Ton in cash, and it has been difficult to trade at 127,000 CNY/Ton in cash, and some real orders can be negotiated. After V2O5 powder manufacturers continued to make price cuts last week, the actual transaction volume was still small; at the beginning of the week, they held a wait-and-see attitude for the time being, and most of the quotations remained stable. The mainstream quotation of ammonium metavanadate is still 120,000-121,000 CNY/Ton in cash, and some manufacturers slightly cut the price to 119,000 CNY/Ton in cash, but it is difficult to close a deal above 120,000 CNY/Ton in cash.
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