[ferro-alloys.com] This week, vanadium market is quieter due to the Chinese New Year effect, tender of steel mill is gradually drawing to a close, and offers made by traders weaken and the liveness in the market lowers. Yesterday, offers of ferrovanadium and vanadium-nitrogen alloy released by Ansteel were still the same with the offers of last week. Offers of vanadium pentoxide flake by Large-size enterprises maintain stable, under the support of raw material of vanadium pentoxide flake, the whole offer in ferrovanadium and vanadium-nitrogen alloy market are relatively stable recently, but the high-level offer has a slight slip. Offers of ammonium metavanadate and vanadium pentoxide powder continue to be weak. Offers of Ferrovanadium performance are different in international market and offer of vanadium pentoxide is firm.

Offers of vanadium pentoxide flake by Large-size enterprises maintain stable and their will of maintenance of stability is stronger that their offers basically will not change before the Chinese New Year. Price of raw material of vanadium pentoxide flake is at a high level, its downstream vanadium alloy enterprises’ production cost is also high that its prices are difficult to continue to fall with a relatively larger range, but because the price of tender of steel mill is not high that the concluded prices is more and more close to the price of tender of steel mill that the barycenter of overall concluded price is slightly down. Price including VAT of vanadium pentoxide flake is firm at about RMB 180,000/MT, offer including VAT of Ferrovanadium is mainly quoted at RMB 185,000 to 195,000/MT, and offer including VAT of vanadium-nitrogen alloy is mainly quoted at RMB 280,000 to 290,000/MT. Trading atmosphere of vanadium pentoxide powder and ammonium vanadate is not good that their offers still drop obviously.

Offers of Ferrovanadium performance are different in international market, price at a high level of Ferrovanadium in European market is down and price at a low level of Ferrovanadium in American market is up, and price of vanadium pentoxide is stable. Price of European Ferrovanadium ≥78% is at 57.5-59（-1）USD/kg; price of vanadium pentoxide 98% maintains at 13-13.5 USD/ lb ; price of American Ferrovanadium 80% is at（+0.7）26.7-27.5 USD/ lb.

Part enterprises say that they will take a holiday in the near future that they do not make offers before the Chinese New Year, meanwhile, demand and concluded quantity become less, it is expected that fluctuation range of vanadium price will gradually narrow. 

• [Editor:Wang Linyan]