www.ferroalloynet.com: Yesterday, after the large V2O5 flake plants priced at the acceptance tax-inclusive price of CNY 100,000/t, the low quotations in bulk market had reduced, and the transaction prices were mostly at CNY 98,000-100,000/t by cash, and it was difficult to purchase at low price.
The falling vanadium price this month caught the upstream raw material manufacturers and traders unprepared, and the pressure was increasing. After the big factories have priced at the end of this month, the vanadium prices may stabilize. Traders cut prices again and have low willingness to sell goods, and the market will be in a stalemate again.
At present, the sales price of V-N alloy manufacturers is CNY 157,000-158,000/t by cash. Under the guidance of steel bidding price, vanadium nitrogen alloy is difficult to be traded at a high price. At the same time, before the new steel bidding price comes out, the market may remain relatively stable. We predict that the bidding price of vanadium nitrogen alloy in the next week may be CNY 158,000-160,000/t by acceptance.
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