www.ferroalloynet.com: Yesterday, some quotations of vanadium-nitrogen alloy dropped to CNY 192,000/t by cash, and some traders were afraid to purchase. With the decline of vanadium-nitrogen alloy prices, it is difficult for small vanadium plants to sell at high prices and the lowest transaction price is CNY 126,000/t by cash. The sales price of three large V2O5 flake factories keeps at CNY 130,000/t by acceptance. The downstream alloy plants purchase under pressure. Some manufacturers have begun to sell V2O5 flake because of inventory and financial pressure, with the quotation of CNY 127,000-128,000/t by cash.
At present, ferrovanadium and vanadium-nitrogen alloy factories are producing at a loss, while some vanadium-nitrogen alloy factories have high stock pressure. Vanadium resources are relatively abundant. Vanadium price has a slight downward trend in recent two weeks due to the fewer steel tenders.
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