Steel Mills’ Bidding Continue To Be Under Pressure, And V2O5 Flake Price Continues To Fall

www.ferroalloynet.com: In terms of vanadium raw materials: retail V2O5 flake prices continue to decline, mainstream transactions are around 120,000-121,000 CNY/Ton in cash; actual market transactions are not many, mainly based on rigid demand; most downstream inquiries are based, and the wait-and-see attitude is relatively strong. Due to the significant reduction in the output of large V2O5 flake factories and the implementation of the Winter Olympics, the production of V2O5 flake in Chengde and other areas may still be affected. The supply of V2O5 flake in December is still expected to be tight, so some holders also expressed they are not planned to ship at low prices. The downstream continued to fall, high-priced transactions for ammonium metavanadate were weak, and some manufacturers make shipments at lower prices, the mainstream transactions were 115,000-117,000 CNY/Ton in cash; due to the recent high production costs of ammonium metavanadate, there are not many low-priced sources in the market for the time being.