[ferro-alloys.com] At the beginning of this week, prices of vanadium products are mainly stable instead of jump-rise of prices of the previous two weeks; from the second half of July to the last week, vanadium market experienced a large leap, prices of vanadium products soared, and rose to the high point of the latest eight years. The market appears in automatic adjustment, and rise of price of vanadium product slowed down followed by temporarily stable price; liveness in the market has reduced, and prudent and waiting and seeing emotion in the market has increased.

Currently, acceptance price including VAT of vanadium-nitrogen alloy is quoted at RMB 32500 to 340,000/mt. Price including VAT of Ferrovanadium 50% is mainly quoted at RMB 200,000 to 220,000/mt (cash- acceptance), and price including VAT of Ferrovanadium 80% is mainly quoted at RMB 320,000 to 350,000/mt. Price including VAT of platy vanadium pentoxide 98% is at RMB 190,000 to 200,000/mt (cash- acceptance). Chemical level powder vanadium pent oxide 98% is at RMB 190,000 to 195,000/mt. Price including VAT of Ammonium Metavanadate 98% is mainly quoted at RMB 175,000 to 180,000/mt. Acceptance price of Nitrided ferrovanadium V45N10 is mainly quoted at RMB 200,000 to 210,000/mt. Acceptance price of vanadium-aluminium alloy AlV55 is mainly quoted at RMB 220,000 to 230,000/mt.

Traders in the bulk cargo market have scattered goods, along with the rise strength in vanadium market weakening, emotion of selling goods of traders increases, they are positive to give offers, and their offers slightly drop. But because the change of current situation, making the purchasers more prudent, they are waiting and seeing. Rate of operation and production have reduced, and their inventory are less, many plants are not willing to give offers. Currently, the market is tentatively in a consolidation status, and the move direction in the following market is still to be observed. 

• [Editor:Wang Linyan]