[ferro-alloys.com] Weekly guidance prices of ferro-vanadium and vanadium-nitrogen alloy announced by Pangang were not changed yesterday, and prices in raw material market were also not adjusted. After the prices of bidding were lowered by steel mills in succession, drop space of prices of alloys have been gradually compressed that offers in alloys market had been going up since last week buoyed by the high production cost, and enterprises that elevated offers of ferro-vanadium and vanadium-nitrogen alloy have increased this week. Offer of ferro-vanadium 50% rose to 192,000 –198,000 rmb/mt from 190,000 –195,000 rmb/mt (cash-acceptance); offer of vanadium-nitrogen alloy VN16 rose to 285,000 –295,000 rmb/mt from 280,000 –290,000 rmb/mt (acceptance); offer of nitrided ferrovanadium V45N10 rose to 195,000 –198,000 rmb/mt from 190,000 –192,000 rmb/mt (cash-acceptance). The phased bottom of the market has been gradually consolidated, and bidding and purchasing of steel mills have been carried out successively these days, some participants believed that prices of tender of steel mills should also rise to a certain extent.

• [Editor:Wang Linyan]