VN Bidding Prices Are Accelerating Their Decline, And Market Pessimism Is Gradually Rising
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 139,000-141,000 CNY/Ton (by acceptance), ferrovanadium is 101,000-103,000 CNY/Ton (by acceptance); retail V2O5 flake is 91,000 CNY/Ton in cash.
The bidding price of vanadium-nitrogen alloy from mainstream steel plants has been lowered to about 139,000 CNY/Ton (by acceptance). A small number of manufacturers have offered prices to 137,000-138,000 CNY/Ton in cash to facilitate transactions. Some manufacturers have said that they are still not selling due to low output and high cost. However, traders are mainly waiting and watching as bidding prices accelerate decline, and some inquiries are expected to drop to around 135,000 CNY/Ton in cash, making it difficult to make retail transactions at high prices. Ferrovanadium manufacturers have different selling attitudes. The market quotation is 101,000-105,000 CNY/Ton in cash. However, after the bidding price fell, traders were reluctant to take orders for cash supplies above 100,000 CNY/Ton.
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