www.ferroalloynet.com: The domestic vanadium market continued its downward trend this week, with prices of various vanadium products falling by 4,500-9,000 Yuan/ton. This week, the transactions on the alloy side were relatively active, and the transactions on the steel side were relatively concentrated, while the transactions on the raw material side were relatively weak. The terminal demand continued to be weak, and the inventory of vanadium-nitrogen alloys was high, which was the main reason for the drop in alloy prices. The price of raw materials has dropped simultaneously with the alloy market. On the one hand, alloy factories have high cost and do not accept high-priced raw materials. On the other hand, there is excess production capacity of vanadium slag and V2O5 Flake, and supply exceeds demand, and most manufacturers are willing to sell according to the market. This week, large manufacturers of V2O5 Flake have yet to set prices. Judging from the current alloy prices, it is inevitable that the long-term order price of V2O5 Flake will be lowered in September.
For more information, please visit: https://www.ferroalloynet.com/analysis/vanadium_weekly_review_during_4__8_september_2023.html
