www.ferroalloynet.com: The transaction of vanadium-nitrogen alloys has accelerated to decline this week. On the one hand, steel mills purchased less and the demand was weak. On the other hand, the price of V2O5 flake dropped and downstream factories cut purchase prices down strongly. The mainstream transaction price of vanadium-nitrogen alloys fell from 155,000-156,000 CNY/Ton to 147,000-150,000 CNY/Ton (by acceptance), down about 7,000 CNY/Ton from last week. The transaction of vanadium-nitrogen alloy dropped sharply, and manufacturers’ enthusiasm for production and quotation decreased. Traders were cautious, and there were few transactions in the retail market.
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