www.ferroalloynet.com: Yesterday, the low price of vanadium-nitrogen alloy is CNY 178,000/t by cash, some manufacturers are reluctant to sell their products. Today, the situation is turning around, more manufacturers are willing to sell at low prices, and some traders begin to offer to small and medium-sized steel mills, with moderate inquiry and few actual transactions. The bidding for vanadium alloy of Nanjing Steel is in progress, with 30 tons of 50# ferrovanadium and vanadium-nitrogen alloy being purchased respectively. All vanadium enterprises keep waiting and seeing.
In the face of falling vanadium price, most alloy factories or traders have reduced their quotations and timely sold their products. Some small factories are unwilling to sell at a low price, they haven’t closed a deal in recent months and they plan to buy some sources at a low price after the market becomes more stable, so as to lower the average cost and reduce the loss.
The price of V-N alloy is weak again. The tax-inclusive quotation of V-N alloy is CNY 117,000-118,000/t by cash, which cannot be traded. At present, the tax-inclusive quotation of V2O5 flake is CNY 114,000-115,000/t by cash, and manufacturers keep making inquires.
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