Vanadium-Nitrogen Alloy Profit Statistics From 7 To 11 August 2023
www.ferroalloynet.com: This week, the bidding price of vanadium-nitrogen alloy weakened, and the mainstream transaction fell from 164,000-166,000 CNY/Ton to 162,000-164,000 CNY/Ton (by acceptance), about 2,000 CNY/Ton lower than last week. In the middle of the month, the pace of bidding slowed down, coupled with the decline in steel prices, steel mills once again lowered the purchase price of raw material, and the price of vanadium nitrogen alloys fell.
| Date | VN Price | Change | VN Cost | VN Profit | Unit |
| 7-Aug | 163,000 | — | 161,600 | 1,400 | CNY/Ton (cash with tax) |
| 8-Aug | 162,000 | ↓1,000 | 161,200 | 800 | CNY/Ton (cash with tax) |
| 9-Aug | 161,000 | ↓1,000 | 161,200 | -200 | CNY/Ton (cash with tax) |
| 10-Aug | 161,000 | — | 160,500 | 500 | CNY/Ton (cash with tax) |
| 11-Aug | 161,000 | — | 160,500 | 500 | CNY/Ton (cash with tax) |
After the price of vanadium-nitrogen alloy fell, the downstream was unwilling to take orders for high-priced V2O5 flake, and the price of retail V2O5 flake dropped slightly to around 106,000 CNY/Ton in cash. This week, the production of vanadium-nitrogen alloys maintained a low-profit operation, but the supply of low-priced retail V2O5 flake was limited, and the overall cost pressure was still there. (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).
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