[ferro-alloys.com] At the beginning of the week, offer of main vanadium product continues to rise.

Many enterprise of 98% Piece of Vanadium does not give a offer and not sell out, main offer including VAT of enterprises who give offers is above RMB 91,000/mt. Vanadium-nitrogen alloy is mainly quoted at RMB 145,000 to RMB 150,000/mt, and offer of a large-type producer has risen to RMB 150,000 from the offer of RMB 140,000 at last week, risen by RMB 1,000, the amount of increase has reached to 7.1%. Ferro Vanadium is mainly quoted at above RMB 95,000, including VAT, an enterprise in Liaoning gives an offer that reaches to RMB 10,000/mt, and some enterprises indicate that price of ferro-vanadium continues to rise recently that the offer is difficult to be given.

At the beginning of this week, high offer of Vanadium product shows that enterprises look good in the near future market. For present, price of vanadium locates at a high position, and some enterprises have cautious precaution mentality.

• [Editor:Wang Linyan]