www.ferroalloynet.com: In recent two months, vanadium prices continues to decline, the price of vanadium pentoxide is CNY 130,000/t. For large plants, although the cost of vanadium slag is not high, the pressure is not big, the continuous decline of vanadium raw material price makes the pressure of vanadium extraction enterprises from stone coal increase.
It is estimated that the cost of stone coal is between CNY 100,000/t to CNY 70,000-80,000/t. Although short-term pressure can not make stone coal factories immediately reduce production or suspend production, if the vanadium price has been weak forward, the price continues to decline, it’s inevitable for small stone coal plants to stop production and reduce production by large plants.
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