The Decline Of Vanadium Products Continues, And The Transaction Is Sluggish

www.ferroalloynet.com: This week, the vanadium product market transaction continued be sluggish, and the decline of vanadium alloys was the most obvious in the weakening of steel bidding. Vanadium-nitrogen alloys fell by about 6,500 CNY/Ton in total this week, and the current mainstream transaction is 183,000-186,000 CNY/Ton by acceptance; in the case of scarce downstream orders, it is understood that the price of a small amount of trade sources is low, and the quotation is 181,000-182,000 CNY/Ton by acceptance, most manufacturers are temporarily reluctant to ship products at low prices due to cost pressures. There are few steel bidding for ferrovanadium, and market transactions are dominated by small orders for rigid demand. Some manufacturers have reported that no new orders have been signed for a long time, and they may plan to reduce or suspend production in the later period. The transaction of ferrovanadium was under pressure, and the mainstream price was 136,000-138,000 CNY/Ton by acceptance.