www.ferroalloynet.com: Steel bidding has started from the end of April, the steel bidding price pf vanadium-nitrogen alloy has gradually fallen to CNY 220,000/t from tax-inclusive price of CNY 245,000/t, while ferrovanadium price has dropped to CNY 165,000/t from CNY 170,000/t, and vanadium product prices has subsequently reduced.
After May Day holiday, the cash price of ammonium vanadate is CNY 140,000-150,000/t including tax, and that of vanadium pentoxide is CNY 150,000-155,000/t, the market transaction is not much, and most of factories choose to wait and see. Steel bidding is continuing, from the current overall situation, vanadium prices are still not optimistic.
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