www.ferroalloynet.com: After the holiday, the transaction of vanadium-nitrogen alloy continued to decline, falling by about 4,000 CNY/Ton compared with that before the holiday. The mainstream transaction price is currently at 136,000-137,000 CNY/Ton (by acceptance). Steel mill’s bidding is going on one after another, but steel mills are aggressively lowering prices. The production pressure on manufacturers is gradually deepening. Some manufacturers are not quoting for the time being and are unwilling to sell at low prices. However, the bidding prices are down, and traders are more cautious in purchasing small quantities of orders, making it difficult to close transactions at high prices.
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