www.ferroalloynet.com: Yesterday’s steel recruitment summary: Anyang Yongxing vanadium-nitrogen alloy purchase price was 173,500 CNY/Ton (by acceptance with tax), and the quantity was 90 tons; Anhui Changjiang Steel Vanadium-nitrogen alloy purchase price was 173,500 CNY/Ton (by acceptance with tax) (decreased by 16,000 CNY/Ton compared with the previous price on August 9), and the quantity was 100 tons.
A new round of steel bidding started in September, but the overall pricing is still not ideal. The high prices of vanadium-nitrogen alloys are difficult to trade, and the price has fallen to around 174,000-175,000 CNY/Ton (by acceptance). Because retail V2O5 flake prices are still 118,000-119,000 CNY/Ton in cash, vanadium-nitrogen production is still upside down, and some manufacturers choose to suspend quotations and wait and see the market.
Ferrovanadium bidding is sparse, and some manufacturers have slightly lowered their quotations, but the actual transaction is still difficult. The mainstream transaction is still 131,000-133,000 CNY/Ton (by acceptance). Under the weak demand, the delivery pressure of ferrovanadium manufacturers has gradually increased, and some of them have expressed plans of production reduction.
The vanadium alloy market has weakened transactions, and the stalemate atmosphere between the supply and demand sides is still strong. Continue to pay attention to the subsequent bidding and pricing of medium and large steel mills.
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