V2O5 Flake Stalemate Maintains Stability, Vanadium-Nitrogen Steel Bidding Is Under Pressure

www.ferroalloynet.com: The quotations of domestic vanadium products today are the same as yesterday, the trading of V2O5 flake is deadlocked, and the transactions of alloys are not going well. From the perspective of transactions in the alloy market, the steel bidding market is under pressure. Vanadium-nitrogen alloy price is 193,000-195,000 CNY/Ton (by acceptance with tax), and scattered transactions have been suppressed to around 189,000 CNY/Ton in cash. Although the long unit price of V2O5 flake manufacturers in August maintained at 132,000 CNY/Ton (by acceptance with tax), and 130,000 CNY/Ton in cash, due to cost pressure, although the alloy factory intends to raise the price, it is forced by inventory and capital pressure on the one hand. On the other hand, in the short term, the market is weak and stable. Therefore, the intention of small price cuts is high, and the quotation is lowered to 189,000-192,000 CNY/Ton.

Retail V2O5 flake quotations are mostly based on large manufacturers’ prices, but transactions are difficult. The downstream alloy plant target purchase price not to exceed the cash price of 129,000 CNY/Ton, a small number of transactions, low-priced resources are more difficult to find. In general, the upstream and downstream are in a stalemate state, the upstream is reluctant to sell, the downstream is cautious, and the transaction slows down.