This week, the volume of vanadium-nitrogen tenders decreased. Due to cost pressure, vanadium-nitrogen plants were reluctant to sell and held prices high. The price of V2O5 flake loosened in the middle of the week. Some steel mills and traders increased their efforts to reduce prices. The mainstream transaction price of vanadium-nitrogen alloys fell from 116,500-118,500 CNY/Ton to around 115,500-117,500 CNY/Ton (by acceptance).
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