www.ferroalloynet.com: Since the end of August, the transaction price of VN alloy has declined slowly from 166000 yuan / ton to 150000 yuan / ton by acceptance with tax, with a drop of 16000 yuan / ton in a month. The VN alloy market was weak, the upstream raw material market was passively adjusted, and the V2O5 flake retail suppliers started to adjust first, and the transaction price fell simultaneously. The alloy market is hard to withstand the downward trend. Even if the three major V2O5 flake factories are firm on price for half a month, facing the inventory pressure, they still cut the long-term agreement price from 107000 yuan / ton to 100000 yuan / ton by acceptance in mid September. The alloy market continues to be under pressure, and the price of retail V2O5 flake dropped to about 95000 yuan / ton by cash with tax. Alloy factories are cautious and uncertain in the future market, and purchase based on demand.
The price of VN alloy continued to decline in the past month. On the one hand, the so-called “Gold September Silver October” is a thing of the past due to the lack of terminal demand. Steel consumption is not good, the profit of steel mills is meager, and the procurement enthusiasm of vanadium alloy manufacturers is not high. On the other hand, the continuous impact of foreign vanadium products entering China, coupled with the increasing output of domestic vanadium plants in the second half of the year, the market supply is greatly increased and obviously exceeded demand.
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