VN alloy is trading at lower level

Date: Nov 13, 2018 Recently, vanadium-nitrogen offers keep dipping and many transactions are made on low end. According to market sources, the lowest deal price sits at about 730000 rmb/ton by cash. The pressure of vanadium-nitrogen market gradually transfer to vanadium pentoxide flake market. Currently, three major manufacturers and Liaoning Hongjing still hold firm to their offers. The cost of vanadium-nitrogen may be 725000 rmb/ton if V2O5 flake price sits at 500000 rmb/ton. Although the transactions that are made at low price mostly are in small tonnages, the procurement of raw materials will be impacted if the situation continues. The manufacturers of vanadium pentoxide flake are likely to bear great pressure.

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