RE: Market outlook20 May 2019 12:52
According to the monitoring data of Lange Steel Cloud Business Platform, the domestic price of ferro-manganese FeV50 is about 132,500 yuan/ton; the domestic price of vanadium pentoxide is about 121,500 yuan/ton; the price of vanadium-nitrogen alloy is about 195,500 yuan/ton.
Is Nitovan vanadium-nitrogen alloy?
Massive premium if it is and even if it is not I'm sure we would be charging a couple of dollars more.
Spare a thought for some of those producers in China where production costs are outweighing sales costs. We are still producing a good profit at these prices. Even when some of us invested the prices of V was not far from here and we were very optimistic at those levels.