www.ferroalloynet.com: This week, the transaction price of vanadium-nitrogen alloy increased first and then stabilized. The price increased from 129,000-132,000 CNY/Ton (by acceptance) to 133,000-135,000 CNY/Ton (by acceptance), a slight increase of about 2.68% compared with last week. Mainly due to the active price support sentiment of vanadium and nitrogen companies, steel mill’s bidding price increased slightly. Especially after JISCO Yuzhong Iron & Steel set vanadium nitrogen price at 137,850 CNY/Ton (by acceptance) yesterday, the confidence of vanadium nitrogen companies increased slightly. However, the current downstream demand release is still insufficient, the tender volume of vanadium-nitrogen is not large, traders have low willingness to accept orders at high prices, and there are few market transactions.
For more information, please visit: https://www.ferroalloynet.com/analysis/vanadiumnitrogen_alloy_profit_statistics_from_4_to_8_march_2024.html
