www.ferroalloynet.com: Today, the bulk quotation of V2O5 flake has edged down slightly. In Chongyang, the quotation is CNY 127,000-129,000/t, but the downstream alloy factories are still hesitant to purchase CNY V2O5 flake. Yesterday, the lowest market price in Sichuan was CNY 125,000/t by acceptance, but the sources at this price are limited. As for downstream alloys, the mainstream transaction price of ferrovanadium is CNY 135,000/t by cash, while the acceptance price is CNY 140,000/t, relatively stable. The price quoted by vanadium-nitrogen alloy manufacturers has not been loosened. The cash quotation ranges from CNY 197,000-200,000/t. Some traders sell the bulk cargo and accept the price down to CNY 193,000/t. Some traders purchase at a low price, the price of V2O5 flake is CNY 124,000-125,000/t, while that of vanadium-nitrogen alloy is CNY 194,000-195,000/t by acceptance.
According to the V2O5 flake price of CNY 130,000/t, the cost of vanadium-nitrogen alloy is CNY 195,000-200,000/t, Therefore, the pressure on vanadium-nitrogen alloy manufacturers is greater. As a result, vanadium-nitrogen alloy manufacturers are facing sales problems. The price of V2O5 flake is expected to remain unchanged in the short term. The sale of vanadium-nitrogen alloy and it is expected that the pressure of downstream alloying plants will continue in the short term.
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