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[ferro-alloys.com]  Inspection of environmental protection is being conducted in Hubei, Jiangxi and Shaanxi Districts etc. Resource of raw material is still few in China that the price of vanadium raw material has little change, and there few enterprises have lowered their offers slightly. Except main large-scale plants of vanadium pentoxide flake make stable offers, offers of vanadium pentoxide powder and ammonium metavanadate are mainly stable. Currently, vanadium pentoxide powder 98% is mainly quoted at 188,000 to 195,000 rmb/mt (including VAT), and vanadium pentoxide powder 99% is mainly quoted at 203,000 to 208,000 rmb/mt (including VAT); ammonium metavanadate 98% is mainly quoted at 178,000 to 182,000 rmb/mt (including VAT) and ammonium metavanadate 98% is mainly quoted at 149,000 to 155,000 rmb/mt (excluding VAT).

Purchase of vanadium-nitrogen alloy,ferro-vanadium and nitrided ferrovanadium in May by steel mills is proceeding; however, the purchasing quantity is not much. Prices of vanadium-nitrogen alloy and ferro-vanadium have further dropped, but the dropping range became narrowed. Currently, ferro-vanadium 50% quoted by plants is mainly at 195,000 to 200,000 rmb/mt(cash-acceptance); vanadium-nitrogen alloy quoted by plants is mainly at 285,000 to 290,000 rmb/mt(cash-acceptance). Price and production cost of vanadium alloys plants are upside down. Price of raw material stays at a high level, purchasing raw material at such high price is venturesome, and the plants mainly consume the raw materials inventory in earlier stage. Vanadium alloys plant is pressed by both sides, along with the consumption of inventory, vanadium alloys plants’ production pressure is increasing, part plants has already reduced their output. Buoyed by the high price and tense supply of raw material, it is expected that drop space of vanadium price will be very limited in a short term. 

• [Editor:Wang Linyan]