This week, the transaction of vanadium products first fell and then stabilized. But the overall price was still lower than last week, ranging from 2,000 to 4,000 yuan/ton by cash, and the decline narrowed compared with last week. Vanadium-nitrogen alloy steel bidding continues to be under pressure and have to set the price at 132,000-134,000 yuan/ton by cash at the beginning of the week. Due to the weak demand from downstream, V2O5 Flake price also gradually reduced to 85,000-86,000 yuan/ton by cash. However, the spot supply of vanadium-nitrogen alloy was scarce, and the supply of low-priced V2O5 Flake for retail investors was also limited. By Thursday, the transaction price of VN alloy had stopped falling and stabilized. On Friday afternoon, the price of vanadium-nitrogen alloy steel bidding has rebounded to nearly 137,000 yuan/ton by cash, and many retail V2O5 Flake holders have suspended quotations and are unwilling to sell goods. The transaction of ferrovanadium has not improved yet.
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