www.ferroalloynet.com: A new round of bidding from steel plants has been gradually opened, and the bidding price of VN alloy was 160,000-162,000 Yuan/ton by acceptance with tax, and some manufacturers are under pressure. The bidding of FeV from steel plants is less, and the quotation of bulk cargo was 105,000-106,000 Yuan/ton in cash with tax, which is hard to deal with. The price of vanadium alloy fell significantly last week, and the fluctuation of vanadium price slowed down obviously this week. The price of upstream raw materials was relatively firm and stable. Although there was transaction of bulk V2O5 flake with a low price of 105,000 Yuan/ton in cash with tax, there are not many low-cost supply of goods, and most transaction prices tended to be 106,000 Yuan/ton in cash with tax.
At present, the attitude of alloy manufacturers is different. Some VN alloy manufacturers offer firm prices, and they are unwilling to sell when the price of VN alloy is lower than 165,000 Yuan/ton by acceptance with tax. This part of VN alloy manufacturers mainly signed the long-term agreement with large V2O5 flake factories. Another part of VN alloy manufacturers follow the market to adjust their prices, and purchase raw materials at a lower price. The quotation of VN alloy future goods is 157,000-158,000 Yuan/ton in cash with tax.
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