www.ferroalloynet.com: Since this week, vanadium market price has not fallen significantly, but it is still weak in overall. The supply of V2O5 flake is still scarce, and the price is about CNY 120,000/t due to inactive purchasing by downstream alloy factories. The offer of ferrovanadium plants is about CNY 128,000/t, while the actual transaction price is slightly lower. Yesterday, there was a transaction price of CNY 127,000/t. The bulk price of vanadium-nitrogen alloy is CNY 185,000/t by cash, while the purchasing price of traders is CNY 181,000-183,000/t. For steel mills, the bidding price of Laiwu Steel has not been released, but it is estimated to be around CNY 185,000/t.
The quotation of bulk V2O5 flake and small plants are close to that of large plants, which is expected to support the price of V2O5 flake. Correspondingly, the price of downstream ferrovanadium and vanadium-nitrogen alloy will not have much room for reduction, and the price is expected to stabilize in the early this month.
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