www.ferroalloynet.com: In recent two days, the bidding price for vanadium-nitrogen alloy has been stable at the price of CNY 197,000-200,000/t by acceptance, and CNY 137,000-140,000/t for ferrovanadium. The steel bidding is going on and major vanadium enterprises prefer to wait and see. Because of the relatively high purchase price of raw materials in the earlier period, the intention of the alloy factory to sell at a low price is not strong, and the quotations are firm. The quotations of vanadium-nitrogen alloy is CNY 198,000-200,000/t by cash, while that of ferrovanadium is CNY 138,000-140,000/t. A small number of traders have slightly lowered their prices. The cash price of vanadium-nitrogen alloy is CNY 195,000/t, and that of ferrovanadium is CNY 135,000/t, with few transactions. At present, the sales price of V2O5 flake is CNY 131,000-132,000/t by cash, and the bulk V2O5 flake is limited. Traders’ quotations are CNY 130,000/t by cash, with limited sources.

In the short run, supported by the cost of large V2O5 flake factories, the bulk price of V2O5 flake will be around CNY 130,000-133,000/t, and that of vanadium-nitrogen alloy will be around CNY 195,000-200,000/t by cash.

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