[ferro-alloys.com]  At the beginning of this week, prices in vanadium market continues the price of last week and basically do not have change. Vanadium enterprises start work in succession that liveness in the market has lifted. Offers of main large-size enterprises of vanadium pentoxide flake are firm, and offers from the downstream vanadium alloy enterprises keep stable, prices including VAT of vanadium pentoxide flake 98% maintains at around RMB 180,000/mt, offers including VAT of Ferrovanadium 50% are at RMB 185,000 to 190,000/mt (cash-acceptance), offers including VAT of vanadium-nitrogen alloy are at RMB 275,000 to 285,000/mt (cash-acceptance).

Spot goods in inventory of Ferrovanadium and vanadium-nitrogen alloy enterprises are still not much and a new round bidding of steel mills will be launched, demand for raw materials from vanadium alloy enterprises has increased; however, supply quantity of raw material vanadium pentoxide flake  is still tense, besides, continuing rise of international vanadium price that has exceeded the Chinese vanadium price, for the long term, prices in vanadium market at home and abroad look to further rise; in the short term, buyers and sellers are still cautious about the operation, and they are waiting and seeing the result of a new round bidding of steel mills, trading in the market is gradually expanding,  it is expected that fluctuation of vanadium price is still limited.

• [Editor:Wang Linyan]