[ferro-alloys.com] At the beginning of this week, vanadium market shocks and is comparatively strong, price of vanadium is stable and rises. Under the support of firm price of raw material of platy vanadium pentoxide in China, recently main offer of acceptance including VAT is at 148,000 to 150,000 RMB /ton, risen by RMB 1,000 compared to offer in the earlier period, and price of bid inviting of vanadium-nitrogen alloy of steel mills also has risen. Price of Ferrovanadium is relatively stable, and enquiry and purchase of Ferrovanadium has increased. Currently, its offer of cash including VAT is at RMB 98,000 to 99,000 RMB /ton and its offer of acceptance including VAT is at 100,000 to 101,000 RMB /ton. But because price of platy vanadium pentoxide does not have an obvious decline, and its production price and sales price is in an upside-down status for a long period, along with the gradual consumption of supply of goods at a lower price, some enterprises have slightly risen the price of Ferrovanadium toady.

It is expected that price of platy vanadium pentoxide will maintain stable this week mainly and the fluctuation range will not be large, but along with the gradual consumption of supply of goods at a lower price, prices of vanadium alloys will be risen slightly. 

• [Editor:Wang Linyan]