[ferro-alloys.com]  Vanadium market consolidates at a high position this week, vanadium pent oxide piece of vanadium 98% source is comparatively tense, the traders holding goods are reluctant to sell out, and their offers are firm, and the concluded and acceptance price including VAT of piece of vanadium 98% is RMB 95,000 and the downstream purchasers are not active to purchase the goods. The whole offer of entire ferrovanadium market is RMB 100,000/mt around and price including VAT of vanadium-nitrogen alloy market is RMB 150,000/mt around. Currently, prices in the market are stable tentatively, the purchasers worry about the prices in the later period will drop and the phenomenon of traders casting goods is comparatively obvious. 

On the aspect of trading, the trading volume of vanadium product is not much, after their prices rise to the high position and they locate at a consolidation stage, the market worry about the price has a change and the prudent purchasing emotion increases. In the near future, the market may continue to consolidate to consume the goods source in the market. But raw material enterprises are not anxious to sell goods and their inventory quantities are not large;  for the time being, fluctuation range of vanadium price will not large. 

• [Editor:Wang Linyan]