On the one hand, V2O5 flake prices rise and cost support is strong, and on the other hand, the trading volume of steel mills bidding is still acceptable; This week, vanadium nitrogen alloy transactions bottomed out and rebounded, with mainstream transactions rising from 153,000-156,000 CNY/Ton (by acceptance) to around 162,000-165,000 CNY/Ton (by acceptance), an increase of about 9,000 CNY/Ton compared to last week.
| Date | VN Price | Change | VN Cost | VN Profit | Unit |
| 15-May | 152,000 | — | 155,600 | -3,600 | CNY/Ton |
| 16-May | 154,000 | ↑2,000 | 156,600 | 2,600 | CNY/Ton |
| 17-May | 157,500 | ↑3,500 | 157,300 | 200 | CNY/Ton |
| 18-May | 161,500 | ↑4,500 | 158,400 | 3,100 | CNY/Ton |
| 19-May | 161,500 | — | 159,800 | 1,700 | CNY/Ton |
It is difficult to find retail V2O5 flake at low prices, with transactions gradually rising to around 105,000-106,000 CNY/Ton in cash; Although the increase in vanadium nitrogen alloy this week has expanded, the profit margin of vanadium nitrogen alloy is still small, hovering around the cost line despite the synchronous upward trend of V2O5 flake. (The data in this article are only theoretical values. For the actual situation, please focus on real transactions. The reference price of V2O5 flake is mainly in the retail market, and the V2O5 flake price of major manufacturers is not included in the calculation).
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