[ferro-alloys.com] Range of fluctuation of Vanadium price is limited this week, atmosphere of Vanadium market improves compared to the earlier stage, and positive respective has been enhanced. This is related to maintenance of the price by unity of vanadium factories, and domestic vanadium products market basically keeps a steady state, and market of March is peak period of traditional demand. It is more expected that terminal demand is increased, and factories still have more confidence in keeping goods. Currently, off of acceptance price of Vanadium factories is between RMB 85,000 and RMB 86,000/MT and ready cash of that is between RMB 82,000 and RMB 84,000/MT. But bidding of downstream alloy enterprises is between RMB 80,000 and RMB 82,000/MT, both parties are in a stalemate and actual conclusion is not much. Powder vanadium and Ammonium Metavanadate markets show stable, downstream enterprises wait and see and avoid suspicion emotion is strong, most of companies intend to make plan after the mark direction is clear.

Market of fluctuation of Vanadium competes drastically and the supply of vanadium-nitrogen alloy is more than its demand, so vanadium-nitrogen alloy mark suffers pressure from steel mill. But based on the difficulty of purchasing of raw material, Ferro Vanadium and Vanadium-Nitrogen Alloy prices form upside down situation and sale at a low price is not wished again. Their inventories are decreased after goods source at low price in bulk market is consumed gradually; motion of factories and dealers improves than the earlier stage. Ferro Vanadium market had less batch orders because demand of downstream is weak and quantity of steel mill is not reached the expectation. According to the calculation of price of current raw material, Ferro Vanadium enterprise also nearly does not have profit. And most of enterprises expect the terminal demand of the market enters into the market and expect the market will turn good soon.

Today, main offer of Ferro Vanadium 50 ranges from RMB 89,000 to RMB 92,000/MT, and current acceptance concluded price ranges from RMB 87,000 to RMB 90,000/MT; main acceptance offer of 98% Vanadium Pent Oxide ranges from RMB 83,000 to RMB 86,000/MT; main acceptance offer of 98% Powder Vanadium ranges from RMB 82,000 to RMB 84,000/MT; main acceptance offer of 99% Powder Vanadium ranges from RMB 85,000 to RMB 87,000/MT; main acceptance offer of 60-62% Ammonium Metavanadate ranges from RMB 77,000 to RMB 78,000/MT; main acceptance offer of vanadium-Nitrogen Alloy ranges from RMB 128,000 to RMB 132,000/MT.

• [Editor:Wang Linyan]