VN Quotations Are Chaotic, And The Transaction Of Ferrovanadium Is Low
www.ferroalloynet.com: Yesterday, the bidding pricing of individual steel mills weakened slightly. Today, the high quotations of vanadium-nitrogen alloy decreased, but most manufacturers also expressed that they were unwilling to ship at low prices, the mainstream market transaction stalemate remained weak and stable at around 177,000-180,000 CNY/Ton (by acceptance). The market quotations of vanadium-nitrogen alloys are still chaotic, and the overall shipment mentality is different.
The recent trading situation of ferrovanadium is still weak, and the volume of bidding and procurement by steel mills is small, and the price reduction is relatively strong. The market offer price of ferrovanadium was mostly 134,000-137,000 CNY/Ton (by acceptance), and the mainstream transaction was 133,000-135,000 CNY/Ton (by acceptance), most downstream factories were unwilling to accept the high price.
Part of the bidding for medium and large steel mills is expected to start in early September. Coupled with high production costs, the vanadium alloy market may continue to operate under pressure at the end of the month.
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