[ferro-alloys.com] Raw material platy vanadium pentoxide is serious in shortage, most enterprises do not give offers and do not sign orders and sell goods. Recently, vanadium price in China rises suddenly and sharply that is rarely seen over the past ten years, and rise of vanadium price is not under control, platy vanadium pentoxide is hard to purchase by the downstream vanadium alloy enterprises. Part alloy enterprises begin to protect furnace or stop production; there is no resource for the time being, resulting in failure of calling for bids of a steel mill in Jiangsu and a steel mill in Anhui.

Offer of raw material platy vanadium pentoxide is not stable, there is an over RMB 100,000 price difference in recent days. Offer of platy vanadium pentoxide was RMB 120,000/MT yesterday, and RMB 135,000/MT today. Although some raw material plants give offers, they do not give goods. Price of platy vanadium pentoxide is not stable, the downstream plants are difficult to check the cost and stop the offer, and enterprises also cannot give offers when steel mill calls for bids. Recently, price rises too fast, and prudent emotion of both buyers and sellers has increased. Sporadic goods are sold in succession in bulk market that cannot solve the imbalance between supply and demand in the market.

International vanadium price rose and was driven by price of vanadium in China, European ferrovanadium 80% 28.5-30.5 USD/kg vanadium; American ferrovanadium 80% 12.85-13.25 USD/pound vanadium; vanadium pentoxide 98% 6.0-6.6 USD/ pound vanadium oxide. 

• [Editor:Wang Linyan]