The Price Of VN Continues To Decline Sharply, And The Transaction Of Ferrovanadium Is Scarce
www.ferroalloynet.com: The recent decline in steel mills’ bidding, coupled with the reduction in purchases, has resulted in fierce competition in the vanadium-nitrogen alloy trading market, and low quotations have frequently been issued to promote transactions. Yesterday, the purchase price of Shaogang Group’s vanadium-nitrogen alloy was 171,000 CNY/Ton (by acceptance with tax), and the volume was 90 tons; the vanadium-nitrogen transaction fell sharply again to 171,000-176,000 CNY/Ton (by acceptance), down 5,000-6,000 CNY/Ton from the previous day.
Some ferrovanadium manufacturers reported that in the past two days, the downstream inquiries and shipment pressures have gradually increased, and they have fallen into the embarrassing situation of high cost pressure and low transaction prices, but high prices are difficult get business done; mainstream transactions of ferrovanadium continue to decline slightly to 133,000-135,000 CNY/Ton (by acceptance).
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