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[ferro-alloys.com] Pangang does not make offers of Ferro-vanadium and vanadium-nitrogen alloy this week. Enterprises’ psychology has divergence. After rise in Chinese vanadium market basically stopped, and vanadium price is firm at the high level, some traders’ fearing high prices emotion spread, enterprises who actively to sell goods for profit-taking have increased. Recently, vanadium prices are mainly stable and fluctuate in a small range, some traders slightly lowered their prices, some traders who are optimistic or have good transaction elevated their offers slightly. Status in the following market temporally is not clear as there lacks guidance price in the market.      

International vanadium price continues to rise, European Ferro-vanadium price 81.0-83.0 usd/kg, converting into Chinese price 270,000-277,200 rmb/mt; European vanadium pentoxide price 185,000-198,500usd/lb, converting into Chinese price 267,000-286,400 rmb/mt; American Ferro-vanadium price 375,000 – 385,000 usd/lb, converting into Chinese price 276,000-283,400 rmb/mt. Currently international vanadium prices are basically close to the Chinese vanadium prices because of slowdown of rise of Chinese vanadium prices and continued rise of international vanadium prices.

• [Editor:Wang Linyan]