[ferro-alloys.com] After a period of consolidation at a higher level of vanadium market, vanadium market broke the stalemate last week and prices of all kinds of vanadium products rose. Vanadium market keeps the rise momentum today. Tender result of Ferrovanadium and vanadium-nitrogen alloy of steel mill tends to be good. Confidence of looking rise in the following market in the industry has increased, under the situation of tense goods and rising price, many traders holding goods do not want to make offers and even if they make offers, they are reluctant to sell goods.

Bidding price of vanadium-nitrogen alloy of Shao steel in January is RMB 251,800/MT (including VAT, merchant acceptance), the quantity is 65 tons; bidding price of Ferrovanadium of a steel mill in Jiangsu is RMB 160,000/MT (cash including VAT), the quantity is 40 tons. Bidding price of steel mill rose, and tender is gradually proceeding before the end of this month, and the social inventory has got a certain consumption. Recently, international vanadium price always in the rising channel, price of European Ferrovanadium≥78 rose to 43.25-45 USD/kg vanadium; price of European vanadium pentoxide 98% rose to 9.6-9.9 USD/pound vanadium oxygen.

Spot goods in raw material market is still tense, demand of flaky vanadium pentoxide exceeds its supply, the downstream Ferrovanadium and vanadium-nitrogen alloy plants are difficult to purchase it, resulting in rate of operation and production of Ferrovanadium and vanadium-nitrogen alloy have been reducing. Currently, concluded price of cash of flaky vanadium pentoxide is around RMB 135,000/mt, along with rise of price of raw material, prices of all kinds of vanadium series rise roundly and the second week-guidance price of Ansteel last week rose with a larger extent. In the short term, the market will tend to be good in overall and vanadium price may continue to rise.  

• [Editor:Wang Linyan]