[ferro-alloys.com]  European ferro-vanadium price dipped from 70.6-73 USD/KG to 69-72 USD/KG, converting into Chinese ferro-vanadium 50% price of 217,000 to 227,000 RMB/MT; European vanadium pentoxide price rose from 15-16 USD/LB to 15.6-16.55 USD/LB, converting into Chinese vanadium pentoxide flake 98% price of 217,000 to 227,000 RMB/MT; American ferro-vanadium price stood at 34.75-36 USD/LB, converting into Chinese ferro-vanadium 50% price of 241,000 to 250,000 RMB/MT.

Experiencing continued rise for near two months in international market, international ferro-vanadium price is much higher than domestic ferro-vanadium price. Meanwhile, domestic steel market is weak and the tender or purchased price of steel mill is lower, then the prices of vanadium alloys fell after rise, so it is common that the international ferro-vanadium price dipped after continued rise. Rise speed of price of international vanadium pentoxide was relatively gentle in the earlier period, raw material vanadium pentoxide is more rare, domestic large-sized enterprises of vanadium pentoxide flake rose their offers for two times, vanadium pentoxide flake price in bulk market is higher, and exported price of vanadium pentoxide flake of exporter can integrate with international price to conclude at 212,000 RMB/MT, which is beneficial to continued rise of international vanadium pentoxide price. Buoyed by the tense supply and high price of raw material vanadium pentoxide flake, it is expected that domestic vanadium price has a slight fall, but there will be not a large adjustment in a short term. 

• [Editor:Wang Linyan]