[ferro-alloys.com] On June 8, European ferro-vanadium price（+2）71.0-72.0（+0.8）usd/kg, converting into Chinese price 227,200 – 230,400 rmb/mt; vanadium pentoxide price（+1.5）15.5-16.15 （+1.65）usd/lb, converting into Chinese price 214,300 – 223,200 rmb/mt; American ferro-vanadium price（+2.65）33.75-34.5（+2.5）usd/lb, converting into Chinese price 238,000-243,300 rmb/mt.

Supplies of spot goods at home and abroad are insufficient. Vanadium price in International market rose sharply, which drove vanadium price in China speed up to rise. Besides, weekly guidance price of vanadium alloys announced by Pangang yesterday rose sharply. Offers in China are chaotic, offers at a higher price from part enterprises continuously hit a new high, offers from part enterprises were unchanged from the prices of last week but also did not have any spot goods and part enterprises did not make offers as the raw material was so hard to purchase. Both supplies of raw material and vanadium alloys are tense, which supported the vanadium price rose quickly. Currently, ferro-vanadium is mainly quoted at 205,000 to 225,000 rmb/mt; and vanadium-nitrogen alloy is mainly quoted at 300,000 to 310,000 rmb/mt. The space of rise of vanadium price, however, depends on the price of raw material and the status of tender of steel mills.   

• [Editor:Wang Linyan]