[ferro-alloys.com] Rising speed of price of vanadium slowed down from last week, vanadium price is mainly stable at the beginning of this week. Price of vanadium pentoxide flake in China has a larger difference, offer of main large-size plant is stable at 182,000 RMB/mt; offer of vanadium pentoxide flake in bulk cargo market rise by a large margin recently, their main offer is at 186,000 to 196,000 RMB/mt (cash-acceptance), individual acceptance offer is up to 200,000 RMB/mt. Main offer of cash including VAT of ferro-vanadium 50% is at 195,000 to 205,000 RMB/mt, individual offer at a high level is up to 210,000 RMB/mt, of which, the low level offer is from traders and the high level offer is from plant; main offer of vanadium-nitrogen alloy is at 295,000 to 305,000 RMB/mt, individual offer at a high level is up to 310,000 RMB/mt.

Currently, because price of raw material of vanadium pentoxide flake is high and price of tender of steel mills is lower, risk of purchasing raw material vanadium by alloy plants is higher, therefore many plants adopt a policy that purchase raw materials according to the order. Currently, the upstream enterprises make offers more actively but the downstream enterprises are more cautious, therefore the upstream enterprises and the downstream enterprises game in the market with a little stalemate.

• [Editor:Wang Linyan]