VN Alloy Bidding Price Is Under Pressure, And The Quotation Of V2o5 Flake Is Slightly Loose

www.ferroalloynet.com: Today’s domestic vanadium product quotation summary: ammonium metavanadate is 101,000 CNY/Ton, retail V2O5 flake is 105,000-105,500 CNY/Ton, ferrovanadium is 114,000-115,000 CNY/Ton, and vanadium-nitrogen alloy is 159,000-160,000 CNY/Ton, all prices are in cash including tax.

Today, the domestic vanadium price is lowered by 500-1,000 CNY/Ton. The alloy market is weak and stable, and the quotations for V2O5 flake are loose. Recently, the bidding price of vanadium-nitrogen alloy has a tendency to drop slightly. The bidding price of Qujing Chenggang yesterday was 159,900 CNY/Ton in cash, last Thursday and Friday, Yangchun New Iron and Steel set the price at 161,000 CNY/Ton (by acceptance with tax), Jinshenglan set the price at 160,000 CNY/Ton in cash, and a steel mill in Northwest China finalized the price at 163,000 CNY/Ton (by acceptance with tax). The vanadium-nitrogen alloy bidding market continues to be under pressure, the downstream alloy factories are reluctant to sell, and the enthusiasm for quotations is not high. On the raw material side, the quotations for V2O5 flake have been loosened, and some holders are more willing to sell at lower prices. The quotation is 105,000 CNY/Ton in cash, and the transaction is acceptable. The price of V2O5 flake fell again, traders’ inquiries increased, and the intended purchase price did not exceed 105,000 CNY/Ton, while the inquiries of alloy factories were limited, and raw material procurement was cautious.