The Vanadium Market Keeps Weak The vanadium market continues to be weak, the quotation of V2O5 flake is CNY 95,000-96,000/t by cash, and CNY 148,000/t for vanadium-nitrogen alloy, CNY 100,000/t for CNY 50# ferrovanadium. Some raw material manufacturers and traders offer actively, and there is a little pressure on trading. Vanadium prices keep falling, and large V2O5 flake plants have signed orders one after another. The sales price of CNY 100,000/t puts pressure on manufacturers and traders. In recent two days, there are few transactions for ammonium metavanadate, and no transaction for Shaanxi Huayuan and Hunan Chuangda. The inquiries from downstream chemical enterprises have not reduced, and the trading is sluggish. The price of V-N alloy keeps falling. The intended purchase price of V2O5 flake has been reduced to CNY 90,000-92,000/t by cash, with few transactions. With the current price of CNY 148,000/t in V-N alloy market, the steel bidding price of Kunming Steel may be reduced to CNY 145,000/t by cash.