[ferro-alloys.com] Vanadium market at last week stopt fall and tended to be stable, then price of vanadium rises this week, bidding price of vanadium alloy of steel mill rises and week guiding price of Angang also rises and rise range is relatively large that rises in different thousands of yuan.  

Supply of goods of flaky vanadium pentoxide is tenser, emotion of supporting prices has enhanced, and price of vanadium rises. Hongjing cannot calculate the production cost because of the high offer of Sichuan Desheng who supplies vanadium slag and does not want to sell goods and give offers; Tranvic Group gives offer of 100,000/MT, cash including VAT, and tentatively does not want to sell goods. 

Bidding price of vanadium alloys of steel mill rises and bidding price of vanadium-nitrogen alloy of Nangang in November was RMB 152,000/MT(acceptance including VAT, including bidding service fees) and the quantity was 90 tons; week guiding price of Ansteel rose, and offer of ferrovanadium of fansteel is RMB 115,000/MT, which is the same with last week; offer of vanadium-nitrogen alloy is RMB 165,000/MT, up RMB 5,000/MT compared with  the price of last week. Prices of vanadium products also rise in the market, rise range varies in different products and enterprises, and the rise range shall depend on the raw material of vanadium pentoxide and demand.

Stockpile and inventory of steel mill and traders are not much, recently , enquiries from steel mill and traders have increased, and purchaser is initiative to enhance purchasing price, and sellers elevate their offers, raw material of some enterprises give offers of above RMB 100,000/MT even reach to 120,000/MT, offer of vanadium-nitrogen alloy is above RMB 160,000/MT and offer of ferrovanadium is above RMB 120,000/MT. First light of morning appears in vanadium market and will tend to be good for the time being. 

• [Editor:Wang Linyan]