www.ferroalloynet.com: Yesterday, retail V2O5 flake were sold a small amount of 106,000 CNY/Ton in cash, resources are limited, some vanadium-nitrogen alloy manufacturers intend to purchase but hard to find. Most alloy plants said that the vanadium market is currently in chaos. Although alloy prices are rising simultaneously, the rise has been slow. In addition, the new round of bidding from large and medium steel plants has not yet started. It is still unknown whether the vanadium-nitrogen alloy price can follow up. Insiders are cautious and continue wait and see, waiting for the V2O5 flake manufacturers to set prices this week.
At present, vanadium-nitrogen alloy scattered small transactions can reach 161,000-162,000 CNY/Ton in cash, and the manufacturer’s quotation is no less than 165,000 CNY/Ton in cash. Traders make purchase on demands, and they are very cautious in hoarding purchases. In general, the quotations of vanadium-nitrogen alloys are firm, and actual transactions are relatively weak.
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