Vanadium Pentoxide Market Review

Last week, the price of retail vanadium flakes was stable with a slight decline. The mainstream transaction was slightly adjusted from 73,000-74,000 yuan/ton to 73,000 yuan/ton in cash, down about 500 yuan/ton from last week. The alloy transaction volume was small, and the downstream was cautious about purchasing vanadium flakes. Because vanadium flakes fell to a low level again, it was difficult for the downstream to further reduce prices at the beginning of the week. The mainstream transaction was deadlocked at 73,000 yuan in cash, and the purchase was mainly for rigid demand.
Thursday-Friday alloy steel bids were under pressure to go down, and coupled with the recent poor performance of the terminal steel market, a small number of holders continued to sell goods for cash and continued to make small concessions at around 72,500 yuan in cash to promote transactions, but there are currently few low-priced sources.