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[ferro-alloys.com] At the beginning of the week, vanadium market runs comparatively stably and strongly, under the condition of Vanadium price being at a higher position, fear of high in the buyer market increases, and traders holding the goods in the seller market have already sold their goods to cash out, transaction in vanadium market is relatively stalemated.

Recently, the acceptance price including VAT of bid inviting of downstream steel mill mainly maintains at RMB 151,000 to 153,000, compared to price of bid inviting in the earlier May, has already a slight drop, purchasing quantity of steel bill is comparatively less, and the peak period is not prosperous in steel market. Purchasing raw material of vanadium-nitrogen alloy is more than its earlier stage. Currently, price of vanadium-nitrogen alloy has a certain profit space. In recent days, market of vanadium-nitrogen alloy consolidates at a higher position, and shows relatively stable in a whole.

Currently, the market gradually enters into consolidation at a higher position stage, requirements for ferrovanadium, vanadium-nitrogen alloy and vanadium-aluminium alloy is much less. Raw material 98% piece of vanadium price maintains at RMB 93,000 to 95,000/MT, performance in piece of vanadium market has a direct effect on the downstream Vanadium product; because source of piece of vanadium is tense, it is expected that fluctuation range of price of vanadium products this week will not be large.  

• [Editor:Wang Linyan]