[ferro-alloys.com] Recently, trading activities in Vanadium market lowers in China, overall performance in Vanadium market tends to be insipid, and the conclude price at a high level is more difficult; under the condition of rise of prudent emotion in buyer market, most procedures of platy vanadium pent oxide has increased, and selling willness of traders holding vanadium alloy has increased, however, the the whole trading volume in the market is not large due to difficult purchase of raw material at low price and limited requirement quantity in the market. 

Recently, trading activities in Vanadium market lowers in China, overall performance in Vanadium market tends to be insipid, and the conclude price at a high level is more difficult; under the condition of rise of prudent emotion in buyer market, most procedures of platy vanadium pent oxide has increased, and selling willness of traders holding vanadium alloy has increased, however, the the whole trading volume in the market is not large due to difficult purchase of raw material at low price and limited requirement quantity in the market.

Price of European Ferro-vanadium dropped, and price of vanadium pent oxide kept the same price; price of European ferro-vanadium ≥78% was 26.85-27.85 USD/kg vanadium and price of vanadium pent oxide 98% was 5.95-6.4 USD/pound vanadium oxide.

Prices of International ferro-vanadium and vanadium-nitrogen alloy keep the same level, currently, price of European ferro-vanadium ≥78% is 27.2-28.0 USD/kg vanadium and price of vanadium pent oxide 98% is 5.95-6.4 USD/pound vanadium oxide

Fluctuation in price of vanadium-nitrogen alloy is relatively large, bid inviting price of 60 tons vanadium-nitrogen alloy of Anhui Changjiang Steel of May is RMB 148,000/mt, acceptance including VAT; bid inviting price of 10 tons vanadium-nitrogen alloy of Xiangtan Iron & Steel of May is RMB 147,000/mt, acceptance including VAT, which has fallen below RMB 150,000/tons, and main offer including VAT of vanadium-nitrogen alloy in the market is at RMB 147,000 to 153,000/mt for now.

Price of Ferrovanadium is relatively stable, bid inviting price of 20 tons ferro-vanadium of Xiangtan Iron & Steel of May is at RMB 99,000/mt, acceptance including VAT; bid inviting price of 200 tons ferro-vanadium of Dongbei Special Steel of May is RMB 985,000, acceptance including VAT, and main offer including VAT of ferro-vanadium 50% is at RMB 98,000 to 100,000/mt.

Under the stalemate atmosphere, part traders holding goods worry about the future market will tend to be weak, condition of traders having vanadium alloy at a lower price who lower their offers to sell has increased, most demanders do not dare to purchase with a large amount and emotion of waiting to clear of the future market is up.

• [Editor:Wang Linyan]