Vanadium-Nitrogen Alloy Profit Statistics From 5 To 9 June 2023 This week, the vanadium-nitrogen alloy transaction rebounded, and the mainstream transaction price rose from 156,000-157,000 CNY/Ton (by acceptance) to around 159,000-161,000 CNY/Ton (by acceptance), an increase of about 3,500 CNY/Ton compared with last week. Mainly due to rising raw material prices and increasing cost pressure, manufacturers of vanadium-nitrogen alloys raised their quotations and were unwilling to ship at low prices. At the beginning of the month, steel mill’s bidding was released one after another, and the transaction of vanadium-nitrogen alloys rose slowly.

Date VN Price Change VN Cost VN Profit Unit
5-Jun  155,500 ↑1,000  157,000 -1,500 CNY/Ton
6-Jun  155,500  157,000 -1,500 CNY/Ton
7-Jun  155,500  157,000 -1,500 CNY/Ton
8-Jun  155,500  157,000 -1,500 CNY/Ton
9-Jun  158,000 ↑2,500  158,000 CNY/Ton

Retail holders are unwilling to ship goods at low prices and wait for a new round of pricing by large V2O5 flake manufacturers. It is hard to find rigid demand orders at low prices, and the transaction of retail V2O5 flake gradually rises to 104,000-105,000 CNY/Ton in cash. Raw materials have risen simultaneously, and the production of vanadium-nitrogen alloys is still upside down. (The data in this article are only theoretical values. For the actual situation, please focus on real transactions. 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).