[ferro-alloys.com] Price of vanadium in European market dropped, and price of Ferro-vanadium ≥78% in European is 26.0-27.0 USD/kg vanadium dropped from 26.85-27.85 USD/kg vanadium; platy vanadium pent oxide 98% in European is 5.5-5.8 USD/pound vanadium oxide dropped from 5.95-6.4 USD/pound vanadium oxide. 

Offers of vanadium in China is stable, platy vanadium pent oxide 98% is quoted stably at RMB 96,000/MT; price including VAT of Ferro-vanadium temperately maintains at RMB 98,000 to 100,000/MT, compared to other vanadium products, fluctuation in price of vanadium-nitrogen alloy is comparatively large, offers of main plants of vanadium-nitrogen alloy slightly drop, but their offers of acceptance including are most at above RMB 150,000/MT, and traders holding goods at a lower price in earlier period, under the high vibration at a higher position of vanadium market, situation of selling the goods at a lower price is more prominent, and main offer including VAT of bulk goods in the market is at RMB 147,000 to 149,000/MT. 

Because of international price of vanadium has dropped, and vanadium market in China shocks at a high position, requirement of vanadium products has decreased and the tension supply of vanadium raw material has relieved, for the short time, vanadium market may tend to weak in a comparatively stable market.

• [Editor:Wang Linyan]