Steel Tender Price Continued To Go Down Under Pressure, V2O5 Flake Declining Vanadium raw materials: the transaction price of retail V2O5 flake dealers continues to decline, and the mainstream transaction is about 120,000-121,000 CNY/ton by cash; There are few actual transactions in the market, and mostly are rigid demand procurement; Most downstream inquiries are dominated by wait-and-see mood. Due to the obvious reduction in the output of large V2O5 flake plants and the impact on the production of V2O5 flakes in Chengde area after the implementation of the production restriction because of Winter Olympic Games. The supply of V2O5 flakes in December is still expected to be tight, so some cargo holders said that they do not plan to sell at a low price. The downstream market continued to decline. The transaction of ammonium metavanadate at high prices was quiet, and some manufacturers made concessions for sale, and the mainstream transaction was around 115,000-117,000 CNY/ton by cash; Due to the high production cost of ammonium metavanadate recently, there are not many low-cost sources in the market.

VN alloy: VN alloy steel tender price continues its downward trend, and the price-cutting of steel mills is still strong; The mainstream transaction price is about 182,000-185,000 CNY/ton by acceptance including tax. Although the price of V2O5 flakes continued to decline, the VN alloy fell rapidly. At present, most manufacturers said that the cost and selling price upside down pressure was deepened, and some said that they did not plan to sell goods when the price was less than 182,000 CNY/ton by cash; They are also cautious about the purchase of raw materials.

Ferrovanadium: the price of flake V2O5 is declining, and the cost support is weak; In addition, the downstream demand remained weak, there were few new orders in the market and the steel bidding price was low, so the transaction price of ferrovanadium decreased slightly, and the transaction was about 127,000-131,000 CNY/ton by acceptance; The quotation of manufacturers in Jinzhou is mostly RMB 130,000-132,000 CNY/ton by cash.