Vanadium Prices Are Weak And In A Stalemate After National Day, the vanadium market trading is slack, some transaction prices guide the market. At present, most vanadium-nitrogen alloy manufacturers still insist on quoting a cash price of CNY 194,000-195,000/t, which is difficult to make deals. The purchase price of traders has been lowered to the cash price of CNY 190,000/t, some manufacturers can negotiate between CNY 192,000/t and CNY 193,000/t, and this bargaining space is also due to further price concession of V2O5 flake. At present, the mainstream quotations of bulk V2O5 flake is mostly at CNY 127,000/t by cash which has been unacceptable by the downstream. It is expected that the price of raw materials will be depressed in the later period.

Due to fewer inquiries, the market is in a stalemate. It’s hard for ferrovanadium and vanadium-nitrogen alloy to make some concessions in the case of fixed raw material prices. As far as the current market situation is concerned, the future market is dominated by a small reduction in raw material prices and a weak in alloy prices.