Active Stock Up From Steel Plants, Strong Quotation From VN Manufacturers this morning Kunming Steel bid for 15 tons of vanadium-nitrogen alloy, with tax price of 148,000 Yuan/ton by cash, but finally lost the bid. According to the current quotation of vanadium-nitrogen alloy manufacturers, it is difficult for traders to purchase below tax price of 150,000 Yuan/ton by cash. The manufacturer’s mentality is firm; the purchase price of V2O5 flake is no less than 96,000 Yuan/ton by cash, the quotation of V2O5 flake in bulk market has a slight upward trend, and is willing to close to 100,000 Yuan/ton quoted from large factories.

Relatively speaking, vanadium-nitrogen alloy manufacturers are slightly “living in the cracks”. In recent two weeks, steel plants have been more active in winter storage and procurement. The bidding price of vanadium-nitrogen alloy has a slight upward trend, and so far, it fluctuates between 148,000-150,000 Yuan/ton with tax by acceptance. Due to the support of the price of V2O5 flake, the price of VN will not fall, but difficult to rise continuously. The profit of vanadium-nitrogen manufacturers is meager, barely maintaining production. In addition, according to the current market situation, the three large V2O5 flake plants intend not to adjust their prices, and the price keeps at 100,000 Yuan / ton by acceptance, so the profit space for vanadium-nitrogen manufacturers is too small, their procurement enthusiasm is not high, and the upstream and downstream are stagnant.