[ferro-alloys.com] This week, source of Vanadium raw material was still in shortage, emotion of being reluctant to sell out of traders holding the raw material was higher, especially Piece of Vanadium 98% as the wind indicator in Vanadium market, some producers did not have the spot goods, and producers having the spot goods were prudent to sell, and the conclusion condition of Piece of Vanadium was good; the whole price of raw material slightly rose compared to that of last week. Because hesitate emotion increased in Vanadium market and requirement for vanadium alloy decreased, fear of high emotion of traders holding the goods increased, and the price of downstream Vanadium alloy slightly dropped and its conclusion was comparatively rare.   

This week, international price of Ferro-vanadium dropped, and the international price of vanadium pent oxide kept stable; price of European Ferro-vanadium ≥78 % is 27.2-28.0 USD/kg vanadium, price of vanadium pent oxide Piece of vanadium 98% was 5.95-6.2 USD/pound vanadium oxide.

Price of Bid inviting of 20 tons vanadium-nitrogen alloy of Nanjing Iron & Steel of May is RMB 150,800/MT (acceptance including VAT, including service charge), dropping slightly compared to the price of RMB 151,000 to 153,000/mt in the earlier time. Price of Bid inviting of 50 tons Ferro-vanadium of Nanjing Iron & Steel of May is RMB 99,700/MT (acceptance including VAT, including service charge), keeping in a higher level of price of bid inviting of Ferro-vanadium.

Vanadium-nitrogen alloy is mainly quoted at RMB 150,000 to 153,000/MT, acceptance including VAT and RMB 147,000 to 150,000/MT, ready cash including VAT, and the concluded price fell back to RMB 150,000 to 152,000/MT, acceptance including VAT and RMB 146,000 to 149,000/MT, ready cash including VAT. Ferro-vanadium 50% is mainly quoted at RMB 99,000 to 101,000/MT, acceptance including VAT and RMB 97,000 to 99,000/MT, ready cash including VAT, and the concluded price fell back to RMB 98,000 to 100,000/MT, acceptance including VAT and RMB 96,000 to 98,000/MT, ready cash including VAT. Piece of vanadium 98% is mainly quoted at RMB 96,000 acceptance including VAT and RMB 95,000, ready cash including VAT, and the concluded price was at RMB 95,000 to 96,000/MT, acceptance including VAT and RMB 94,000 to 95,000/MT, ready cash including VAT. Ready cash including VAT of metallurgy level vanadium powder 98% is at RMB 92,000 to 94,000/MT; ready cash including VAT of Chemical level Powder vanadium 98% is at RMB 90,000 to 92,000/MT, and its price exceeding VAT is at RMB 81,000 to 83,000/MT. Nitrided Ferro-vanadium V45N10 is mainly quoted at RMB 100,000/mt, acceptance price including VAT. Vanadium-aluminium Alloy in Jinzhou District is mainly quoted at RMB 118,000/mt (50 basic price).

Because supply of raw material piece of vanadium is tense, its price is naturally firm and it plays a role in maintaining the stable market in China. Under the precondition of tense supply and high price of Piece of Vanadium, it is expected that prices of its downstream vanadium alloy products will drop to a limited extent. 

• [Editor:Wang Linyan]