[ferro-alloys.com] At the end of the month, Vanadium market is still in strength, acceptance price including VAT of bid inviting of ferro vanadium 50% of Ma Steel is RMB 99,000/MT, risen by 11% month on month compared to the bid inviting price in April. Bid inviting price of vanadium-nitrogen alloy (VN16) of Ma Steel is RMB 148,000/mt.  

Currently, concluded price in vanadium pentoxide Piece vanadium 98% is about RMB 95,000, acceptance including VAT and RMB 97,000, cash including VAT; concluded price in vanadium-nitrogen alloy market is about RMB 150,000, acceptance including VAT and RMB 153,000, acceptance including VAT; concluded price in ammonium metavanadate 98% market is about RMB 90,000, cash including VAT; concluded price in vanadium pentoxide Piece vanadium 98% is about RMB 95,000, acceptance including VAT; concluded price in vanadium powder 98% metallurgy level market is about RMB 92,000, cash including VAT and RMB 94,000, acceptance including VAT; concluded price including VAT in Nitrided Ferro-vanadium V45N10 market is about RMB 100,000.

Currently, offers of vanadium products are stable, traders holding goods are reluctant to sell goods at lower prices. Some enterprises begin to sell goods for locking the profits. Source in raw material market continues to be relatively tense, and price of raw material will not change for a time being and fluctuation range of price of downstream vanadium products should be limited.  

• [Editor:Wang Linyan]