[ferro-alloys.com] At the beginning of this week, vanadium market keeps stable mainly in China, although purchase and enquiry from the downstream are not active, and the conclusion is relatively stalemated; however, under the support of price of platy vanadium pentoxide of plants, production cost and sales price of vanadium alloys are upside-down, and enterprises are not willing to sell goods at a too low price, continued drop of prices of vanadium alloys is difficult.

Offers of enterprises of vanadium series are stable, price of bid inviting of steel mill is relatively stable, enterprises of raw material platy vanadium pentoxide are not willing to sell goods at a lower price, and offer of enterprise maintains at RMB 96,000/ton, acceptance including VAT.

Price of enterprises of vanadium-nitrogen alloy market is stalemated, of which, concluded price of cash (ex-work price including VAT) is at 143,000 to 144,000 RMB/Ton, acceptance price including VAT of bid inviting of steel mill is at 146,500 to 147,500 RMB/Ton, and demand from the downstream is not good, and plants of vanadium-nitrogen alloy may have plans to protect furnace or reduce output in the later period. Offers of enterprises of ferrovanadium continue to be in a stalemate; because cost of production is always at a higher level, enterprises mainly produce according to the order, delivery to regular customers sees more, and the conclude price including VAT maintains at 98,000 to 100,000 RMB/Ton. Output of ammonium metavanadate has slightly increased, however, the concluded price in the market has dropped slightly compared to the price of the earlier period.

Under the condition of strong price of domestic price of platy vanadium pentoxide, it is expected that vanadium market will continue to be weak stable and stalemated.

• [Editor:Wang Linyan]