Steel Bidding Is In The Process In Vanadium Market, Retail Transaction Is Not Optimistic The alloy market this week is dominated by steel bidding. In the past two days, steel mills have successively launched tender. The bidding price of vanadium-nitrogen is 193,000-196,000  CNY/Ton (by acceptance). The retail market transactions are relatively weak, manufacturers are not interested in quotations. The traders are willing to purchase a small amount of cash of around 190,000 CNY/Ton, but they are still cautious.

Major V2O5 flake manufacturers maintained stable pricing in August, and the current mainstream quotations are also maintained at around 130,000 CNY/Ton in cash retail market. Although some alloy factories are willing to purchase at 128,000-129,000 CNY/Ton in cash, the supply of low-priced source is still relatively high, and it’s hard to find, the market trading atmosphere is not positive.
In the past two days, the bidding price of ferrovanadium was 141,000-144,000 CNY/Ton (by acceptance), and retail market manufacturers still had high and low cash prices of 142,000-145,000 CNY/Ton. However, regardless of the low or high shipment transaction status, the feedback was relatively general, there are fewer orders.