www.ferroalloynet.com: At noon today, Tranvic, Desheng and Jianlong have adjusted the long-term agreement quotation to 100000 yuan / ton by acceptance(98500 yuan / ton by cash), which is 7000 yuan / ton lower than the previous quotation. At the same time, Dagang also said that the price of V2O5 flake was set at 98500 yuan / ton by cash. Price adjustment pace of several large V2O5 flake manufacturers was unified.
In recent two days, the price of retailed V2O5 flakes has gone down. Some alloy manufacturers said that they have purchased low-cost goods with a price of 97000 yuan / ton by cash, and the high transaction price is also around 98000 yuan / ton. After pricing by large factories, it is expected that the raw material market will be slightly stable, but the long-term agreement price slightly higher than that of retailed goods. The willingness of downstream companies to accept depends on the sales of ferrovanadium and VN alloys. If the processing cost of 12000 yuan / ton is calculated, the purchasing price of V2O5 flake is 100000 yuan / ton by acceptance, then the production cost of VN alloy is about 154000 yuan / ton by acceptance, which is lower than the current bidding price of steel plants, but the profit margin is small.
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