[ferro-alloys.com] Source of vanadium product is still relatively tense this week, many factories do not have spot goods and do not give offers, and some plants holding spot goods stated that they supply the goods to their regular customers or give their own groups, entire offer of plants who gave offers is firm, under the high vanadium price, purchasers’ prudent emotion increases, and conclusion at a higher price is rare.

On the aspect of bid inviting, acceptance price including VAT of ferro-vanadium rises, price of bid inviting of ferro-vanadium of Ma Steel in May is RMB 99,000/mt, risen by 11% month on month compared to the price in April. Difference of concluded price of bid inviting of vanadium-nitrogen alloy is larger, but the whole market sees rise tendency.  

On the aspect of price of vanadium products, main acceptance and concluded price including VAT of vanadium pentoxide piece of vanadium 98% is at RMB 94,000-95,000/mt; main concluded price of cash including VAT of ferro-vanadium is at RMB 97,000-98,000/mt; main concluded price of cash including VAT of vanadium-nitrogen alloy is at RMB 148,000-150,000/mt; main concluded price of cash including VAT of ammonium metavanadate is at RMB 89,000-91,000/mt; main concluded price of cash including VAT of Vanadium Powder 98% is at RMB 92,000-93,000/mt; main acceptance and concluded price including VAT of nitrided ferrovanadium V45N10 is at RMB 100,000/mt.

The production of downstream producers is relatively passive affected by the high cost of raw material, and purchase of raw material maintains right demand, and most production is depended on the orders; the bid inviting of steel mill is conducting in succession, some factories expressed that the price of ferro-vanadium is high for now and they are not willing to participate in the bid inviting of steel mill.   

Furthermore, the Labor Day is coming, operations of buyers and sellers in vanadium market are relatively cautious, and activity in the market is lower; but there are also some enterprises begin to sell goods for locking the profit. Prices of piece of vanadium and ferro-vanadium in European market rise this week, and price of raw material is at a higher level. It is expected that vanadium market will run in strength after the Labor Day in China.

• [Editor:Wang Linyan]