www.ferroalloynet.com: Vanadium-nitrogen alloy prices continued to decline slightly this week. The price of vanadium-nitrogen alloy dropped from 125,000-126,000 CNY/Ton (by acceptance) to 121,000-124,000 CNY/Ton, a decrease of about 3.16% from last week. As many steel mills have begun to reduce production for maintenance, the demand for vanadium-nitrogen alloys has also decreased accordingly. The recovery of downstream demand is slow, and steel mills are aggressively lowering prices due to weak demand, resulting in unsatisfactory vanadium-nitrogen bidding prices. Traders mostly adopt cautious and conservative policies and make few inquiries.
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