www.ferroalloynet.com: Last week, as the steel bidding price of vanadium-nitrogen alloy kept declining, the transaction price of V2O5 flake fell synchronously. The mainstream transaction price in bulk market is CNY 118,000-120,000/t by acceptance, and some are even higher at the price of CNY 117,000-119,000/t by cash. At present, the prices of three large V2O5 flake plants have not been adjusted yet, and they are more willing to support the price this month. In terms of international market, the price of European V2O5 fell by USD 5 to USD 6 per pound last Friday, converting to RMB price of CNY 76,500-91,800/t, with a price difference of about CNY 30,000/t.
The price of V2O5 at home and abroad has been in the downward trend. The European market is competitive and the price keeps falling because of weak demand. The domestic market demand is stable, but the market supply is too large. The efficiency of the steel plants is not good, the price of vanadium alloy is depressed, and the price of vanadium is inevitable to decline. This week, the steel tenders for vanadium alloy is ongoing, and the tax-inclusive price of vanadium-nitrogen alloy is CNY 183,000/t by acceptance, which has a slight downward trend.
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