The VN Alloy Price May Rise In The Short Term With Active Steel Bidding

www.ferroalloynet.com: A new round of vanadium alloy steel bidding has been launched in succession. In recent two days, the purchase price of vanadium nitrogen alloy for some large and medium-sized steel plants remains at 145000 yuan / ton with tax by acceptance without any suspense. The steel plant said that the vanadium raw materials have increased, and the alloy price has also increased naturally year on year. From the perspective of the manufacturers’ quotation, the vanadium enterprises’ mentality is stable and firm, and the quotation is relatively uniform, basically more than 148000 yuan / ton with tax by acceptance.

At present, vanadium inquiry has been reduced, and the transaction price remains at  94000-94500 yuan / ton with tax by cash. Last week, large factories shipped more products. In the short term, the vanadium demand will be slightly weak without upward momentum. The price of vanadium alloy began to rise slightly, up 3000 yuan / ton in the past week. Some people in the industry are short-term bullish in vanadium price, and terminal demand is good. Whether vanadium nitrogen alloy can break the price of 150000 yuan / ton with tax by acceptance still needs continuous concerns.

www.ferroalloynet.com