VN Transaction Continues To Fall, And Vanadium Raw Material Trading Is Cautious
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 133,000-134,000 CNY/Ton (by acceptance), ferrovanadium is 100,000-101,000 CNY/Ton (by acceptance); retail V2O5 flake is 88,000 CNY/Ton in cash, and ammonium metavanadate is 85,000-86,000 CNY/Ton in cash.
In terms of alloys: Vanadium-nitrogen alloy bidding prices continued to fall under pressure last Friday afternoon, with the mainstream pricing at around 132,000-132,500 CNY/Ton in cash; however, some individual bidding prices fell to 130,000 CNY/Ton, with smaller volumes. Vanadium-nitrogen alloy transactions frequently occur at low prices, manufacturers’ production pressure has doubled, and the overall enthusiasm for production quotations is low. The trading volume of ferrovanadium remains cold, with few steel mill’s tender at the end of the month, and traders mostly remain on the sidelines; the offer price of ferrovanadium in Liaoning is around 100,000 CNY/Ton in cash.
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