Vanadium-Nitrogen Alloy Profit Statistics From 16 To 20 August 2021 VN firstly fell and then rose this week, but it still fell by nearly 8,000 CNY/Ton from last week. At the beginning of the week, steel mills’ bidding prices fell. After the large scale V2O5 flake manufacturers in the middle of the week stabilized their prices in September, the quotations of VN resumed firm under the pressure of high costs, and the mainstream transactions were slightly increased to 175,000-178,000 CNY/Ton (by acceptance). The downstream is reluctant to take over the high prices for the time being, and are still waiting for the progress of the steel recruitment. Supply and demand are temporarily in a stalemate, and there is a strong wait-and-see atmosphere.

Date VN Price Change VN Cost VN Profit Unit
16-Aug 180,500 ↓2,000 185,400 ↓4,900 CNY/Ton
17-Aug 177,000 ↓3,500 182,500 ↓5,500 CNY/Ton
18-Aug 171,500 ↓5,500 179,700 ↓8,200 CNY/Ton
19-Aug 173,500 ↑2,000 179,700 ↓6,200 CNY/Ton
20-Aug 174,500 ↑1,000 179,700 ↓5,200 CNY/Ton

The decline of vanadium-nitrogen alloy this week is still higher than that of V2O5 flake, and the largest single-day decline of vanadium-nitrogen alloy is 5,000-6,000 CNY/Ton under the huge pressure of steel recruitment. The major V2O5 flake manufacturers determined that the September price was still 132,000 CNY/Ton (by acceptance), most vanadium-nitrogen alloy manufacturers resumed their quotations under cost pressure. The vanadium-nitrogen price rebounded slightly in the second half of the week, and the decline was temporarily suspended. (The reference price of V2O5 flake is mainly in the retail market, and the V2O5 flake price of major manufacturers is not included in the calculation.)

With reference to cost and price trends, the cost of vanadium-nitrogen alloys is still severely inverted. In the case of weak downstream demand and low steel bidding prices, many manufacturers who have reduced the production of thermal insulation products in the early stage still have no plans to resume production. The above prices are all cash inclusive of tax. Because the labor and transportation costs of various companies are not the same, the profit calculation is for reference only. (The data in this article are only theoretical values, and the actual situation should be based on real transactions)