www.ferroalloynet.com:Recently, the bidding price of VN alloy steel is in acceptance of 160,000 CNY/Ton with tax, which is the new low. The decline exceeded expectations, although the manufacturers are slightly worried, they do not ship at low prices, and the offer is in cash of 163,000 to 165,000 CNY/Ton, but transaction is difficult. There is in a stalemate and game strongly in the market. Ferrovanadium market inquiry is less, and most of the small factories temporarily do not quoted because of the cost is losing money. The offer of ferrovanadium traders is in cash of 116,000-118,000 CNY/Ton, and low price supply in the market is not much, but it is difficult to deal at the high price.
Overall, the raw material market is relatively strong. Although retail transaction price of V2O5 flake slightly down to 106,000-107,000 CNY/Ton in cash, did not adjust with the alloy market. Large factory’s order of V2O5 flake has already signed, and alloy market adjustment is bound to affect the bulk deal, but the bulk is not much, coupled with the mentality of reluctant to sell at low prices, it is expected to offer is still strong in the short term, but it is difficult to deal.
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