www.ferroalloynet.com: This week, retail V2O5 flake quotations showed a downward trend. The quotations were lowered from 116,000-117,000 CNY/Ton (by cash with tax) to 112,000-113,000 CNY/Ton, and the actual transactions were very small. Suppressed by the weakening of the bidding price of vanadium-nitrogen alloy, alloy factories mainly wait and see, and retail V2O5 flake purchases are cautious, especially under the sentiment of buying up and not buying down. As of today, although retail V2O5 flake offer prices are 112,000 CNY/Ton in cash, and a small amount of low prices are 111,000 CNY/Ton, vanadium-nitrogen alloy plants have said that even if they give offers at 110,000 CNY/Ton, they must consider more. There are no orders for vanadium-nitrogen alloys, Steel mills’ purchases were over, traders’ inquiry prices were low, and vanadium-nitrogen alloys were still unable to escape the production pressure.
www.ferroalloynet.com
