VN Bidding Price Is Under Pressure, And It Is Difficult To Trade Vanadium Raw Material At High Prices
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 135,000-136,000 CNY/Ton (by acceptance), ferrovanadium is 100,000-101,000 CNY/Ton (by acceptance); retail V2O5 flake is 88,000-89,000 CNY/Ton in cash, and ammonium metavanadate is 86,000-87,000 CNY/Ton in cash.
In terms of alloys: the vanadium-nitrogen alloy bidding price has been under pressure and has dropped to 135,000 CNY/Ton (by acceptance). The market demand for construction steel has been sluggish recently. Vanadium-nitrogen alloy manufacturers have a slightly pessimistic view of the market outlook. Some manufacturers choose to follow the market for shipments, the market quotation is about 134,000-136,000 CNY/Ton in cash; a small number of manufacturers also said that production cost pressure is high and they will not sell at low prices for the time being. The tender price of a small amount of ferrovanadium is 100,500 CNY/Ton (by acceptance), and the transaction of ferrovanadium has not changed much; however, with the decline in raw material prices, some traders’ inquiry expectations have dropped to 95,000-96,000 CNY/Ton in cash, and it is temporarily difficult to inquire.
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