[ferro-alloys.com]  Affected by high prices of raw material vanadium pentoxide flake and high prices of tender of vanadium alloys by steel mills, China’s vanadium market mainly keeps at the high price today, and is unchanged much compared to the prices of last week. Prices of tender of steel mills fluctuate at a high level with a small range, and steel mills purchase with a small quantity for rigid demand.

Buoyed by more demand for vanadium pentoxide flake, its price including VAT is relatively firm at 270,000 rmb/mt. Affected by gain in yield and increase of supply, prices of ammonium metavanadate, ammonium polyvanadate and vanadium powder soften more obviously, and purchasers do not dare to purchase in quantity. The actual transaction price in Hubei District has dropped by 5,000 to 10,000 rmb/mt; a plant in Hebei District sold ammonium polyvanadate 98% at the price of 248,000 rmb/mt (cash) and 255,000 rmb/mt (acceptance) at last Saturday, down by 100,000 rmb/mt, compared to its highest price of 265,000 rmb/mt (acceptance) before. 

• [Editor:Wang Linyan]