A New Round Of Steel Recruitment Opens, Vanadium Prices Continue To Fall

www.ferroalloynet.com: Summary of domestic vanadium product quotations today: 98% ammonium metavanadate is 94,000-96,000 CNY/Ton, retail V2O5 flake is 97,000-98,000 CNY/Ton, 50 ferrovanadium is 110,000-112,000 CNY/Ton, vanadium-nitrogen alloy is 148,000-150,000 CNY/Ton, all prices include tax in cash.

This week, a new round of vanadium alloy steel bidding starts, and vanadium-nitrogen alloy bidding prices have been released one after another. So far, the price has not stopped falling, the overall atmosphere of the vanadium market is relatively sluggish, and downstream vanadium-nitrogen alloy manufacturers are miserable. The alloy factory said that under the downward trend, they will not give offer prices for the time being, and they are unwilling to make low prices. In addition, some manufacturers have stopped production, the market outlook is bearish and most insiders hold wait-and-see attitudes; some manufacturers adjust their quotations according to the market. Vanadium-nitrogen alloys are quoting at 148,000-150,000 CNY/Ton in cash today. Judging from the latest bidding prices, low-volume transactions have become difficult. Manufacturers are relatively passive. On the one hand, they continue to pay attention to the development of steel recruitment, and on the other hand, they are waiting for large scale V2O5 flake manufacturers to adjust their prices.
Looking at retail V2O5 flake again, the price adjustment was rapid. Today, the price was quoted at 97,000-98,000 CNY/Ton. Vanadium and nitrogen plants reported that there were also a small amount of low-priced resources of 96,000 CNY/Ton, and the transaction was still not satisfactory. The declining vanadium market makes the upstream and downstream are afraid to purchase. The market information is also more confusing.