Vanadium-Nitrogen Bidding Price Remains Weak
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 133,000-139,000 CNY/Ton (by acceptance), ferrovanadium is 101,000-102,000 CNY/Ton (by acceptance), retail V2O5 flake is 89,000 CNY/Ton in cash, and ammonium metavanadate is 84,000-85,000 CNY/Ton in cash.
Last Friday, the bidding price of vanadium-nitrogen alloy continued to be under pressure, and the overall pricing spread widened. Most traders remained on the sidelines and did not purchase for the time being. Most vanadium-nitrogen manufacturers still do not offer quotations, and some manufacturers have reported that they have low availability and are temporarily unable to sell goods. The demand for ferrovanadium has not improved for the time being, and there are few steel mill’s make tender.
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