www.ferroalloynet.com: Market transactions continued to slow down, retail V2O5 flake holders continued to make price adjustments to promote transactions, quotations were mostly 124,000-125,000 CNY/Ton in cash; the actual transaction fell to around 123,500 CNY/Ton in cash, and some holders today indicated that the actual orders were negotiable; high market prices are difficult to make transactions and downstream purchases are cautious and the actual orders are small.
Yesterday, Guangxi Shenglong finalized vanadium-nitrogen alloy bidding price at 185,500 CNY/Ton in cash, and the overall price was slightly weaker than that before the holiday. Today, vanadium and nitrogen manufacturers offer mostly at 186,000-188,000 CNY/Ton in cash. Due to the small drop in raw materials and cost pressure, most manufacturers said that they do not plan to ship products less than 185,000 CNY/Ton. Traders mainly ship goods at the end of the year, and their overall purchasing mentality is more cautious; some of them mainly make back-to-back operations, with limited purchases and purchase inquiries are mostly around 182,000-183,000 CNY/Ton in cash.
Although the price of V2O5 flake fell slightly, the production cost of vanadium-nitrogen alloy is still around 185,400 CNY/Ton in cash based on retail V2O5 flake price of 123,500 CNY/Ton in cash; vanadium-nitrogen alloy transactions are still hovering near the cost line, and continue to pay attention to steel mills’ bidding at the beginning of the month.
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