www.ferroalloynet.com: VN firstly fell and then rose this week, but it still fell by nearly 8,000 CNY/Ton from last week. At the beginning of the week, steel mills’ bidding prices fell. After the large scale V2O5 flake manufacturers in the middle of the week stabilized their prices in September, the quotations of VN resumed firm under the pressure of high costs, and the mainstream transactions were slightly increased to 175,000-178,000 CNY/Ton (by acceptance). The downstream is reluctant to take over the high prices for the time being, and are still waiting for the progress of the steel recruitment. Supply and demand are temporarily in a stalemate, and there is a strong wait-and-see atmosphere.
| Date | VN Price | Change | VN Cost | VN Profit | Unit |
| 16-Aug | 180,500 | ↓2,000 | 185,400 | ↓4,900 | CNY/Ton |
| 17-Aug | 177,000 | ↓3,500 | 182,500 | ↓5,500 | CNY/Ton |
| 18-Aug | 171,500 | ↓5,500 | 179,700 | ↓8,200 | CNY/Ton |
| 19-Aug | 173,500 | ↑2,000 | 179,700 | ↓6,200 | CNY/Ton |
| 20-Aug | 174,500 | ↑1,000 | 179,700 | ↓5,200 | CNY/Ton |
The decline of vanadium-nitrogen alloy this week is still higher than that of V2O5 flake, and the largest single-day decline of vanadium-nitrogen alloy is 5,000-6,000 CNY/Ton under the huge pressure of steel recruitment. The major V2O5 flake manufacturers determined that the September price was still 132,000 CNY/Ton (by acceptance), most vanadium-nitrogen alloy manufacturers resumed their quotations under cost pressure. The vanadium-nitrogen price rebounded slightly in the second half of the week, and the decline was temporarily suspended. (The reference price of V2O5 flake is mainly in the retail market, and the V2O5 flake price of major manufacturers is not included in the calculation.)
