www.ferroalloynet.com: Since a large number of steel tenders last week, the prices of downstream ferrovanadium and vanadium-nitrogen alloy have been pressed to the cost line of CNY 120,000/t. From the end of last week to the beginning of this week, raw material inquiries have increased, vanadium alloy plants are active in purchasing ammonium metavanadate and V2O5 flake. At present, the transaction price of V2O5 flake in bulk market is about CNY 120,000-122,000/t by cash, but the supply is limited. The spot of ammonium metavanadate is also tight, and last week’s transaction price is CNY 122,000/t by cash. According to manufacturers, downstream alloy factories have more orders and are optimistic about the future market.
At present, the cash price of vanadium-nitrogen alloy in bulk market is CNY 185,000/t. Due to the active purchasing of raw materials, the market has stabilized.
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