The Vanadium Product Market Continues To Operate Weakly

www.ferroalloynet.com: The market resumed at the beginning of the week, and the vanadium product market continued to be weak. The bidding price of vanadium-nitrogen alloy continued to decline over the weekend, and the bidding price of steel mills has fallen to 180,000-183,000 CNY/Ton (by acceptance); the mainstream transaction price in the vanadium-nitrogen market has dropped from 193,000-195,000 to 180,000-185,000 CNY/Ton (by acceptance), a total of 11,500 CNY/Ton decline during half a month. The transaction of ferrovanadium remained light. Manufacturers reported that there were very few downstream inquiries recently, and there were fewer bidding for ferrovanadium steel mills. The overall delivery pressure of ferrovanadium doubled, and the transaction fell slightly to 135,000-137,000 CNY/Ton (by acceptance).