It’s Hard To Get Transactions At High V2O5 Flake Prices, VN Bidding Prices Decrease Slightly Market transactions continued to slow down, retail V2O5 flake holders continued to make price adjustments to promote transactions, quotations were mostly 124,000-125,000 CNY/Ton in cash; the actual transaction fell to around 123,500 CNY/Ton in cash, and some holders today indicated that the actual orders were negotiable; high market prices are difficult to make transactions and downstream purchases are cautious and the actual orders are small.

Yesterday, Guangxi Shenglong finalized vanadium-nitrogen alloy bidding price at 185,500 CNY/Ton in cash, and the overall price was slightly weaker than that before the holiday. Today, vanadium and nitrogen manufacturers offer mostly at 186,000-188,000 CNY/Ton in cash. Due to the small drop in raw materials and cost pressure, most manufacturers said that they do not plan to ship products less than 185,000 CNY/Ton. Traders mainly ship goods at the end of the year, and their overall purchasing mentality is more cautious; some of them mainly make back-to-back operations, with limited purchases and purchase inquiries are mostly around 182,000-183,000 CNY/Ton in cash.
Although the price of V2O5 flake fell slightly, the production cost of vanadium-nitrogen alloy is still around 185,400 CNY/Ton in cash based on retail V2O5 flake price of 123,500 CNY/Ton in cash; vanadium-nitrogen alloy transactions are still hovering near the cost line, and continue to pay attention to steel mills’ bidding at the beginning of the month.