| www.ferroalloynet.com: Right now the vanadium market is going struggling especially for VN alloy. The offer price for VN alloy in bulk market is declining to 163000-165000 CNY/T by cash and the inquiries are rare. Many traders even try to squeeze the price to 160000 CNY/T below which puts the deals to be stalemate. It was learnt that the tender price for VN alloy from Yangchun Iron and Steel was 160000 CNY/T by acceptance which declined by 10000CNY/T or so compared with the price last week. Under this condition, many plants prefer to sideline rather than offer with lower price.
Affected by this slow market in VN alloy, V2O5 flake market price is also declining. The real deal price for V2O5 flake decreases to 106000-107000 CNY/T by cash last day and most these are concluded among traders. Though the V2O5 flake offers are not few and the supply is not abundant, the overall price may go down slightly following VN alloy market. www.ferroalloynet.com |
Friday, November 22, 2024
