www.ferroalloynet.com: Vanadium nitrogen alloy continued to lead the rise today, with an increase of nearly 4,000 CNY/Ton. Yesterday, the bidding price of vanadium nitrogen alloy rose to a higher level, and the quotation of alloy plants continued to rise. The market sentiment was positive, and it was more difficult for steel plants to purchase at a lower price, and the transaction price gradually moved closer to a high level. Due to the large number of orders received by some vanadium nitrogen alloy factories in the previous section, coupled with insufficient supply of subsequent raw materials, they are unable to receive the order and will not provide a quotation temporarily. Some manufacturers’ spot prices are not lower than 163,000 CNY/Ton in cash, and there is currently no retail transaction. The ferrovanadium market is relatively stable, with little adjustment in manufacturers’ quotations, and retail transactions are gradually following up. The atmosphere of exploring the rise in the alloy market is becoming increasingly strong, and the raw material end is becoming more reluctant to sell and do not offer a price at the moment. However, the purchasing mentality of most downstream alloy factories is very cautious, and the upstream and downstream continue to remain deadlocked, with few transactions of V2O5 flake and ammonium metavanadate.
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