[ferro-alloys.com] In the recent days, situation of vanadium pent oxide piece of vanadium is good, and its trading is active and trading volume increases. A manufacturer in Hebei Province said that their trading volume of piece of vanadium 98% reached 500 tons recently (monthly production is 600 tons) and concluded acceptance price basically ranged from RMB 84,000 to RMB 85,000/MT. A manufacturer in Henan Province said that their monthly production is more than one hundred tons, all of them are sold to regular customers, there is no remainder goods in stock, and the concluded acceptance price was at RMB 84,000/MT.

Currently, offers of Vanadium Nitrogen Alloy and Ferro Vanadium rise, but the concluded price does not have much change, and the main concluded acceptance price of vanadium nitrogen alloy ranges from RMB 128,000 to RMB 130,000/MT; the main concluded acceptance price of ferro vanadium ranges from RMB 88,000 to RMB 90,000/MT. All offers of Vanadium Aluminium alloy in different areas have risen to a certain extent, ready cash including VAT of Vanadium Aluminium alloy in Liaoning District is RMB 105,000/MT (50 basic price), offer including VAT of Vanadium Aluminium alloy AlV55 is RMB 140,000/MT. Rate of operation of manufactures of vanadium powder reduces and inventory of vanadium powder in March has reduced by about 140 tons compared to the inventory of vanadium powder in February, and the manufacturers are reluctant to sell out the vanadium powder at lower price that offer of vanadium powder is firm, concluded price of vanadium powder 98% still maintains at the price including VAT from RMB 81,000 to RMB 83,000/MT.

Demand for Vanadium Nitrogen Alloy and Ferro Vanadium will gradually increase at the end of March and beginning of April, under the support of piece of vanadium market, the performance of Vanadium Alloy Market is expected to follow up. The environmental protection and production restriction will continue to be conducted in April in China, and the price of Vanadium will be hopeful to rise.  

• [Editor:Wang Linyan]