VN Continues To Decline, Waiting For A New Round Of Pricing By Major V2O5 Flake Manufacturers
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 139,000-141,000 CNY/Ton (by acceptance), ferrovanadium is 102,000-103,000 CNY/Ton (by acceptance); retail V2O5 flake is 92,000-93,000 CNY/Ton in cash, and ammonium metavanadate is 89,000-90,000 CNY/Ton in cash.
In terms of alloys: Vanadium-nitrogen alloy bidding prices continued to decline. Yesterday, the price of steel mills dropped to 137,000-138,000 CNY/Ton in cash. The overall transaction continued to drop by 2,000 CNY/Ton compared with last Friday. The transaction of vanadium-nitrogen alloy has reached a new low in the past two years, with falling by 3,000 CNY/Ton from last year’s lowest price of 143,000 CNY/Ton (by acceptance), and falling by 32,500 CNY/Ton from the same period last year. The pressure on vanadium-nitrogen alloy production continues to deepen, and manufacturers are deeply pessimistic. In the middle of the month, the ferrovanadium bidding has decreased, the market has dropped, traders are mostly waiting and watching, and manufacturers have low enthusiasm for quoting.
For more information, please visit: https://www.ferroalloynet.com/analysis/vn_continues_to_decline_waiting_for_a_new_round_of_pricing_by_major_v2o5_flake_manufacturers.html
