[ferro-alloys.com]  European ferro-vanadium price stood at 70.6-73 USD/KG, converting into Chinese ferro-vanadium 50% price of 222,000 to 230,000 RMB/MT; European vanadium oxide price stood at 15-16 USD/LB, converting into Chinese vanadium oxide flake 98% price of 204,000-217,000 RMB/MT; American ferro-vanadium price rose to 34.75-36 USD/LB from 34.3-35.5 USD/LB, converting into Chinese ferro-vanadium 50% price of 241,000 to 250,000 RMB/MT. International vanadium price is higher than Chinese price, being good for export of domestic vanadium products, however, ferro-vanadium at high price is still difficult to be concluded; along with continued rise of international ferro-vanadium, export offer of domestic ferro-vanadium rises to FOB 68-70 USD/KG from the last week and export offer of vanadium oxide stands at FOB 15.5-15.8 USD/LB.

Tender price of vanadium-nitrogen alloy of a steel mill in Jiangsu is 285,500 RMB/MT (cash, 100 tons). According to the price of raw material vanadium oxide flake 98% of 188,000 RMB/MT, the production cost of vanadium-nitrogen alloy is about 283,800 RMB/MT. Steel mills suppress the purchasing prices of vanadium alloys due to the bear steel market and the tender price of vanadium-nitrogen alloy is close to the production cost of that of the plants. Suppressed by the steel mills, confidence of vanadium-nitrogen alloy enterprises became weaker and lowered their offers. Cash offer of vanadium-nitrogen alloy focused on 295,000 RMB/MT last week, and vanadium-nitrogen alloy is mainly quoted at 290,000 to 293,000 RMB/MT this week. 

• [Editor:Wang Linyan]