[ferro-alloys.com]  After the festival, vanadium market is still weak, traders are prudent and waiting and seeing. Price of vanadium continues to fall, but the fall speed slows down. The market is temporarily peace and currently the market still not recovers normal running status.   

Sichuan Desheng Group will conduct maintenance for 25 days from Oct. 20 to Nov. 15, and production of vanadium slag will reduce about 3,000 to 4,000 tons. Currently, Sichuan Desheng Group does not have offer, and it does not have much inventory or supply of goods, and the concluded quantity is less.   

Pangang give offers of ferrovanadium and vanadium-nitrogen alloy today that price of ferrovanadium is RMB 125,000/MT (acceptance price) which drops RMB 30,000/MT compared to the price of last week and price of vanadium-nitrogen alloy is RMB 175,000/MT (acceptance price) which drops RMB 50,000/MT compared to the price of last week

Production of flaky vanadium pentoxide has increased, but demand in the market is not obvious. The downstream steel mill suppresses the market, and price of vanadium-nitrogen alloy continues to being suffered suppression, it is expected that vanadium market will continue to be relatively weak this week.

• [Editor:Wang Linyan]