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[ferro-alloys.com] Recently, price of vanadium product continues to be up. Concluded price including VAT of piece of vanadium reached to RMB 90,000/MT, and cost of production of vanadium nitrogen alloy increases, all offers including VAT of vanadium nitrogen alloy of producers are above RMB 140,000/MT. Today, price of Ferro Vanadium is raised again by Ansteel to RMB 96,000/MT (acceptance price including VAT), raised by RMB 2,000 compared to the offer of RMB 94,000/MT at the beginning of this week. Offer of vanadium aluminium alloy in Liaoning District is raised to RMB 109,000/MT (including VAT, 50 basic price). Main offer including VAT of ammonium metavanadate 98% ranges from RMB 84,000 to RMB 86,000/MT, and its main offer excluding VAT is RMB 73,000 to RMB 75,000/MT. Main price including VAT of nitrided Ferro Vanadium 43% ranges from RMB 93,000 to RMB 94,000/MT, main offer including VAT of nitrided Ferro Vanadium 45% ranges from RMB 95,000 to RMB 96,000/MT, and that of nitrided Ferro Vanadium 55% ranges from RMB 109,000 to 110,000/MT.

Although Panzhihua reproduces piece of vanadium, and its offer rises but there is no inventory, and Ferro Vanadium and Chengde Steel does not have Ferro Vanadium and vanadium-nitrogen alloy in stock, and does not give a offer. Enquires in the market is relatively active, but the supply of goods has reduced, and enterprises holding products raises their selling price and the buyers are difficult to purchases at low price; increase of trading volume is not obvious.  

• [Editor:Wang Linyan]