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[ferro-alloys.com] Tender or purchase of vanadium alloys has been released in April, steel mills’ emotion of demanding a lower price is strong, leading to the drop of price of ferro-vanadium and vanadium-nitrogen alloy, positivity of enquires and purchasing from middlemen has decreased, price of raw material vanadium pentoxide flake is high, facing the high cost and tired downstream market, alloy plants are cautious to purchase raw material that sellers are not easy to sell goods and the conclusion is mild in the market. European Ferro-vanadium price at abroad dipped, and vanadium pentoxide price was still in a rising channel, being beneficial to the firm price of vanadium pentoxide flake in China. Environment protection and inspection in Hubei District is strict, thus production of vanadium pentoxide flake plants in this district stopped, at the same time, vanadium extraction from stone coal has not been reproduced in China, so supply of vanadium pentoxide flake is still tense and the price is firm. The downstream steel mills market is weak and vanadium alloys plants are in a dilemma. However, the market is not decided by one-side raw material, if the purchase prices of steel mills dip by a large margin, the raw material price of vanadium pentoxide flake will also drop jointly, and vanadium market confronts with challenge. It is expected that vanadium market will shock at a high price and it is difficult to have a big “movement” in a short term. 

• [Editor:Wang Linyan]