[ferro-alloys.com] At the beginning of this week, vanadium market consolidates at the high level and vanadium price is mainly stable, maintaining stability by main enterprises to their utmost extent, the market is comparatively stable. International vanadium price keeps rise momentum, especially rise range of price of vanadium pentoxide is large. The end of the year is coming, steel market is in off season and price of steel vibrates and falls, recently, futures of deformed steel bar drops sharply under the conditions of low-inventory, high profit and deep discount.

Recently, international vanadium price is always in rise channel , price of European Ferrovanadium 80% was 42.35-43.1 USD/Kg vanadium; price of American Ferrovanadium was 20-20.75 USD/pound vanadium, converting into Chinese price today, Ferrovanadium 50% price is 139,800 to 142,500 RMB/MT, vanadium pentoxide 98% price is 132,000 to 141,200 RMB/MT. It can be seen international price is close to Chinese Ferrovanadium price, and international price at a high level of vanadium pentoxide 98% exceeds that of Chinese price.  

 “Previously, rise of raw material was mainly driven by price of steel. Once rise of deformed steel bar lacks in strength, fall after rise of raw material is also well-reasoned. ” Xia Xuezhao said. Besides, “If supply-side does not have further goods news, factors supporting spot goods will marginal weakening and passivation, under the expectation of partial pessimistic of demand, we think the following spot goods and future goods will volatile and weak .” Zhuo Guiqiu said.

Vanadium price is firm in China recently and consolidates at a higher level for a period, on the one hand, because main enterprises maintain the market; on the other hand, supply goods are hard-to-get in the market. Many enterprises show that their spot goods are tense, and only can supply to their regular clients. It is expected that vanadium market will be firm and there may some enterprises heighten their offers in the short term, but if the downstream is weak, which directly affects the price of the upstream raw material, domestic price may suffer pressure at the high level before the end of the year.

• [Editor:Wang Linyan]