[ferro-alloys.com]  Recently, a small number of bidding for vanadium nitrogen alloy has been carried out by steel mills and concentration bidding with scale has not been conducted tentatively. The bidding price of acceptance of vanadium nitrogen alloy of Jiangsu Shagang in August was 422,000 yuan/ton. This bidding price maintained at a high level, with little fluctuation. At present, the domestic vanadium market is still stable as a whole, and it is expected that there will be difficult to have a large fluctuation in the short term.

A plant sold Ammonium polyorthovanadate 98% at the price of 255,000 rmb/mt, down 10,000 rmb/mt from the high concluded price of 265,000 rmb/mt last week. Recently, vanadium market continued to consolidate at the high level, traders who actively to sell goods have increased for avoiding downside risk and locking the profit. Therefore, part traders loosen their negotiated price that their concluded prices have fallen after rise to some extent.

In general, on the one hand, prices in domestic vanadium market are at the highest level for the latest ten years, and the price is difficult to further rise to a large extent for the limited ability of accepting the high price; on the other hand, the shortage of supply of vanadium products exists objectively, and it is difficult to obviously improve in a short period. Therefore, a retracement is needed for domestic vanadium price, but the range is limited. 

• [Editor:Wang Linyan]