[ferro-alloys.com] Today, source of vanadium product is still tense. Many manufacturers do not have spot goods and they do not give offers, the manufacturers have spot goods stated that they give the goods to their fixed regular customers or supply to their interior group, and overall offer of manufacturers who give offers is still firm. Under the high price of vanadium, purchasers’ cautious emotion increases, and the conclude price at a higher level is rare. 

Spot goods of Vanadium Pentoxide 98% Piece of vanadium is in lack. Currently, concluded price of acceptance including VAT of 98% Piece of vanadium ranges from RMB 95,000 to RMB 96,000/mt; high cost of raw material makes the downstream producer relatively passive, purchase of raw material depends on reality requirement, and produce depends on order; steel mill is conducting the bid inviting, some factories expressed that the price of ferro- vanadium is too high that they are not willing to participate the bid inviting of steel mill.

So, operation of buyers and sellers in Vanadium market is relatively cautious, and the market activity is lower.     

• [Editor:Wang Linyan]