The Bulk Price of Vanadium-Nitrogen Alloy is Reduced and The Offer of Manufacturers is Firm Influenced by some low steel bidding prices, vanadium-nitrogen alloy in bulk market are urgently to be sold, so quotation is lowered. At present, the lowest tax-inclusive quotation is CNY 187,000/t by cash. However, there are different opinions on the Kunming low steel bidding price of vanadium-nitrogen alloy, and most of quotations remain at or above CNY 195,000/t. Manufacturers are mostly completing orders in recent days and inventory pressure is not large for the time being. However, due to the fact that many spot goods are in the hands of traders, the steel bidding price is still at risk of falling at the end of the month.

V2O5 flake price keeps stable, and the spot of bulk V2O5 flake is still scarce. The price of V2O5 flake may not be lowered in the short term. The cost price of vanadium-nitrogen alloy is still controlled at about CNY 180,000-185,000/t, so our website predicts that the range of price loosening would not be large.