[ferro-alloys.com] At the beginning of this week, vanadium market gets a good beginning, price of vanadium-nitrogen alloy of bid inviting of a steel mill in Jiangsu in May is RMB 156,000/MT (including VAT, acceptance), rise of price of bid inviting of steel mill improves the confidence of practitioner in Vanadium market, expectation of rise of price of Vanadium increases this week. 

 European ferro-vanadium price keeps invariability on April 21, vanadium pentoxide piece of vanadium 98% is USD （+0.55）5.95-6.2（+0.35）/pound vanadium oxygen, and the price- rise is relatively large.

 At present, price of piece of vanadium including VAT ranges from RMB 92,000 to RMB 94,000/MT; price of ferrovanadium 50% including VAT ranges from RMB 97,000 to RMB 99,000/MT; price of vanadium-nitrogen alloy has risen effected by the bid inviting of steel bill, and the main offer is RMB 148,000 to RMB 152,000/MT, risen by RMB 1,000 compared to the price of last week.   

 Because price of vanadium has risen to a high level, price of raw material at a high level, price of bid inviting of steel mill rises, and price of piece of vanadium has risen in European market, buyers are prudent to purchase, it is expected that price of vanadium will have a rise in a stable and vanadium market will keep run at a high position.  

• [Editor:Wang Linyan]