www.ferroalloynet.com: At the beginning of the week, the transaction prices have not dropped  significantly. The quotations of downstream alloy manufacturers are still firm, and the steel bidding price of vanadium-nitrogen alloy still keeps at CNY 196,000-199,000/t by acceptance. For V2O5 flake, the low-priced sources are limited and the quotations of bulk goods are CNY 126,000-129,000/t by cash. The downstream buyers are unwilling to purchase, the quotations for V2O5 flake have been firm so that traders are reluctant to cut prices to promote sales.

At present, the actual sales volume of low-priced bulk V2O5 flake is not large.In the situation that import resources have already affected domestic market, there is artificial price manipulation in China. It is expected that vanadium market will keep weak and the space for price reduction is limited.

www.ferroalloynet.com