[ferro-alloys.com] At the beginning of the week, vanadium market is weak, and there is several bad news affecting on prices of vanadium. Because recently bidding price of steel mill was down, the price had been down to 268,000 RMB/Ton and 285,000 RMB/Ton from 320,000 RMB/Ton in the previous period. Rate of operation of flake vanadium pentoxide will increase in September, and its supply will increase; many manufacturing enterprises of flake vanadium pentoxider have plans to reproduce in the first half of September, Tranvic Group is expected to reproduce on September 7 and its production after recovery of production will be 700 to 800 tons per month; Shannxi Wuzhou Mining will reproduce on September 5 and its production will be 200 to 300 tons per month, for the purpose of self-use. Steel mill, does not actively purchase and reduce its bidding quantity.

It is known, currently, offer of acceptance of flake vanadium pentoxide 98% is at 195,000 to 200,000 RMB /Ton and its concluded price is at 185,000 to 190,000 RMB/Ton; offer of cash including VAT is at 190,000 RMB /Ton and its concluded price is at 180,000 RMB /Ton. Offer of flake vanadium pentoxide has dropped RMB 5,000/Ton compared with previously and price of ammonium metavanadate has dropped RMB 7000/Ton compared with previously, so comparatively weak situation in vanadium market has gradually established, prices of vanadium alloys are also affected and have dropped. 

• [Editor:Wang Linyan]