[ferro-alloys.com] This week, Vanadium market is stable and tends to be good, part of prices of Vanadium products rise. Because the restriction of reason like environmental protection in China, the mining of various mines is restricted, cost of raw material Piece of Vanadium is still at a higher level, price of the downstream vanadium product is difficult to continue to drop; alloy enterprises in a bind expect the market of vanadium alloy product improves, and part alloy enterprises want to price hike. 

Offers of Vanadium Nitrogen Alloy and Ferro Vanadium (Ferrovanadium) that their prices dropped obviously in the earlier stage are up recently; for now, offer of ready cash including VAT of Ferro Vanadium mainly ranges from RMB 89,000 to RMB 90,000/MT, increased by RMB 1, 000 than the offer of the earlier stage; offer of acceptance price including VAT of Vanadium nitrogen alloy mainly ranges from RMB 130,000 to RMB 133,000/ MT, increased by RMB 2, 000 than the offer of the earlier stage.

Along with the increase of demand of Piece of Vanadium, through a period of demander’s hesitate, after the demander enters into the market to purchase in succession, the prices of Vanadium products are hopeful to further rise. 

• [Editor:Wang Linyan]