[ferro-alloys.com] Price of Vanadium in China is up all the way since April, prices of Vanadium products in China this week still continues to rise. Supplies of piece of vanadium, ammonium metavanadate and vanadium-nitrogen alloy are relatively tense, many enterprises indicate that there are not much spot goods, and enterprises holding goods are reluctant to sell out at lower price and has a strong emotion to support the price. Price of Vanadium continues to be up along with the decrease of supply of goods at lower price and rise of piece of vanadium.   

Concluded price of vanadium products has reached to a new high, piece of vanadium 98% has reached to RMB 90,000/mt, including VAT. Vanadium-nitrogen alloy is mainly quoted at RMB 143,000 to RMB 146,000/mt, acceptance price, and its concluded price of cash has broken through RMB 140,000/mt; besides, rise extent of bid inviting of vanadium-nitrogen alloy of steel mill is large, price of bid inviting of vanadium-nitrogen alloy of Shao Stell in April is RMB 153,000/mt (business acceptance, including VAT and bid inviting fee), risen by 13% compared to price of March. Ferro Vanadium 50% is mainly quoted at RMB 95,000 to RMB 96,000/mt, cash including VAT, and its concluded price is reached to RMB 95,000/mt; besides, price of Ferro Vanadium of bid inviting of a steel mill in Jiangsu reached to RMB 95,000/mt (acceptance including VAT). Concluded price of Ammonium Metavanadate 98% reached to RMB 85,000/mt, and its cash excluding VAT reached to RMB 75,000/mt. Concluded price of Nitrided Ferro -vanadium 45% reached to RMB 98,000/mt 

Driven by environmental protection and reduction of output and rise of price of bid inviting of steel mill, market shows strength in Vanadium; in the short time, Vanadium price may has a rise space.

• [Editor:Wang Linyan]