At The End Of The Month, Steel Recruitment Has Weakened, VN Alloy Transactions Fell
www.ferroalloynet.com: At the end of the month, the bidding price of vanadium-nitrogen alloy has weakened, and the mainstream price fell to about 163,000-165,000 CNY/Ton (by acceptance). Vanadium-nitrogen alloy manufacturers have a loose attitude toward price support, and their quotations are actively lowered to 165,000-168,000 CNY/Ton (by acceptance); some trade sources offer low prices, ranging from 160,000-163,000 CNY/Ton in cash.
At the end of the month, the progress of the release of steel recruitment was slow, and the overall purchase volume of steel mills was relatively small. According to some steel mills, on the one hand, the price of rebar has continued to fall recently, and real estate in some areas has entered the slack season in winter, and the overall production sentiment is not high; on the other hand, the price of vanadium-nitrogen alloy has weakened and is temporarily bearish on the subsequent market, so procurement is more cautious.
The price of V2O5 flake has fallen, and the bidding price of steel mill has fallen; coupled with weak demand but relatively stable supply, the contradiction between supply and demand remains; the vanadium-nitrogen market has no favorable support for the time being, and it is expected that it will maintain a weak consolidation state in the short term.
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