www.ferroalloynet.com: Vanadium-nitrogen alloys continued to decline this week, and the bidding prices of medium and large-sized steel mills continued to fall. Most manufacturers are unwilling to make shipments at low prices owing to the production cost, the supply of some traders was low, and mainstream transactions were 168,000-169,000 CNY/Ton (by acceptance), down by approximately 5,500 CNY/Ton from last week, the transaction volume was small and the market was in a downturn.
| Date | VN Price | Change | VN Cost | VN Profit | Unit |
| 6-Sep | 170,500 | ↓1500 | 175,400 | ↓4600 | CNY/Ton |
| 7-Sep | 167,500 | ↓3000 | 172,600 | ↓5100 | CNY/Ton |
| 8-Sep | 167,500 | — | 171,200 | ↓3700 | CNY/Ton |
| 9-Sep | 166,500 | ↓1000 | 169,800 | ↓3300 | CNY/Ton |
| 10-Sep | 166,500 | — | 168,300 | ↓1800 | CNY/Ton |
This week, large scale manufacturers confirmed that the latest long-term price in September was 115,000 CNY/Ton (by acceptance), and 113,500 CNY/Ton ( by cash), but the vanadium-nitrogen alloy steel bidding continued to fall, and alloy factories were unwilling to take over the high prices. Retail investors continued to make price changes to 111,000-112,000 CNY/Ton in cash, but the actual transaction volume was still low. (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.)
