Vanadium-Nitrogen Alloy Profit Statistics From 9 To 13 August 2021
www.ferroalloynet.com: This week, vanadium-nitrogen alloy steel bidding continued to weaken, and the mainstream transaction price of vanadium-nitrogen alloy fell to 183,000-186,000 CNY/Ton, a drop of nearly 6,500 CNY/Ton. The production limit of steel mills was gradually implemented, and the purchase of vanadium alloys began to decrease in August, and the operating pressure of vanadium-nitrogen alloy manufacturers increased.
| Date | VN Price | Change | VN Cost | VN Profit | Unit |
| 9-Aug | 188,000 | ↓2000 | 192,500 | ↓4500 | CNY/Ton |
| 10-Aug | 187,500 | ↓500 | 191,800 | ↓4300 | CNY/Ton |
| 11-Aug | 186,500 | ↓1000 | 191,800 | ↓5300 | CNY/Ton |
| 12-Aug | 182,500 | ↓4000 | 191,100 | ↓8600 | CNY/Ton |
| 13-Aug | 182,500 | — | 190,300 | ↓7800 | CNY/Ton |
Although V2O5 flake retail prices continued to drop this week, the overall decline rate was slower than that of vanadium-nitrogen alloys, and the pressure on alloy production costs inverted again intensified. In the case of high cost and low demand, alloy manufacturers have only increased their intention to suspend production and heat preservation. (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.)
It can be seen that the decline in vanadium-nitrogen transactions was significantly higher than the cost of vanadium-nitrogen. Because V2O5 flake manufacturers implemented August prices at 130,000 CNY/Ton in cash, retail customers have a small price concession, and the pressure on vanadium-nitrogen production is gradually increasing. 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)
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