Vanadium-Nitrogen Alloy Profit Statistics From 6 To 10 September 2021 Vanadium-nitrogen alloys continued to decline this week, and the bidding prices of medium and large-sized steel mills continued to fall. Most manufacturers are unwilling to make shipments at low prices owing to the production cost, the supply of some traders was low, and mainstream transactions were 168,000-169,000 CNY/Ton (by acceptance), down by approximately 5,500 CNY/Ton from last week, the transaction volume was small and the market was in a downturn.

Date VN Price Change VN Cost VN Profit Unit
6-Sep 170,500 ↓1500 175,400 ↓4600 CNY/Ton
7-Sep 167,500 ↓3000 172,600 ↓5100 CNY/Ton
8-Sep 167,500 171,200 ↓3700 CNY/Ton
9-Sep 166,500 ↓1000 169,800 ↓3300 CNY/Ton
10-Sep 166,500 168,300 ↓1800 CNY/Ton

This week, large scale manufacturers confirmed that the latest long-term price in September was 115,000 CNY/Ton (by acceptance), and 113,500 CNY/Ton ( by cash), but the vanadium-nitrogen alloy steel bidding continued to fall, and alloy factories were unwilling to take over the high prices. Retail investors continued to make price changes to 111,000-112,000 CNY/Ton in cash, but the actual transaction volume was still low. (The reference price of V2O5 flake is mainly in the retail market, and the V2O5 flake price of major manufacturers is not included in the calculation.)

With reference to cost and price trends, vanadium-nitrogen alloys are still upside down this week, but with the continued price concessions in the retail market, the degree of vanadium-nitrogen upside down has been slightly reduced. However, due to the continued decline in the transaction price of vanadium-nitrogen alloys, coupled with the basically ending of medium and large steel recruitment, short-term demand may remain weak, and the overall production enthusiasm of vanadium-nitrogen manufacturers is still low. The above prices are all cash inclusive of tax. Because the labor and transportation costs of various companies are not the same, the profit calculation is for reference only. (The data in this article are only theoretical values, and the actual situation should be based on real transactions)