www.ferroalloynet.com: The bidding price of VN alloy from steel plants dropped rapidly, about CNY10,000 / t lower than that in the middle of this month. Under the double pressure of inventory and capital, some alloy factories have to sell at low price. The trend of steel bidding price this week is expected by most vanadium companies. There was barely deal in the bulk market last week, and the operation space of traders was small, so they did not dare to rush forward. Due to the oversupply market situation, it is inevitable that vanadium price will fall. The price of vanadium alloy has fallen, and the price of V2O5 flake has become a new focus.
There are not many quotations in the bulk market at present. The price of V2O5 flake was adjusted slowly, therefore the intention of low price shipment was not much. Some of the quotations are on the high side at the price of CNY 95,000-96,000 / t, obviously unable to be transacted. According to the current bidding price of vanadium-nitrogen alloy, the price of vanadium pentoxide flake should be about CNY 90,000-92,000 / t by acceptance. Downstream alloy plants are slightly contradict the high price of V2O5 flake. We will continue to wait and see how do the three major V2O5 flake plants adjust the price next month.
www.ferroalloynet.com
