www.ferroalloynet.com: This week, vanadium nitrogen alloy saw a weak decline, with mainstream transactions dropping from 159,000-161,000 CNY/Ton (by acceptance) to around 156,000-157,000 CNY/Ton (by acceptance), a decrease of about 3,500 CNY/Ton compared to last week. Steel mills continue to cut prices down for vanadium and nitrogen, and transactions continue to decline. The production cost pressure of manufacturers has increased, with most manufacturers quoting no less than 155,000 CNY/Ton in cash, making it difficult for traders to find goods at low prices.
| Date | VN Price | Change | VN Cost | VN Profit | Unit |
| 29-May | 158,000 | — | 158,400 | 400 | CNY/Ton |
| 30-May | 157,000 | ↓1,000 | 157,000 | — | CNY/Ton |
| 31-May | 155,500 | ↓1,500 | 155,600 | -100 | CNY/Ton |
| 1-Jun | 154,500 | ↓1,000 | 155,600 | -1,100 | CNY/Ton |
| 2-Jun | 154,500 | — | 155,600 | -1,100 | CNY/Ton |
After the weakening of alloy transactions, it was difficult to trade retail V2O5 flake at high prices. At the beginning of the week, the price gradually decreased to around 102,000-103,000 CNY/Ton in cash; But after falling to a low level, most retail traders unwilling to further lowered their prices, making it difficult to find low-priced sources of goods. The overall production of vanadium nitrogen alloy is still near the cost line, and the risk of inversion is still there. (The data in this article are only theoretical values. For the actual situation, please focus on real transactions. 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).
