[ferro-alloys.com]  Yesterday, Pangang’s weekly guidance offers of ferro-vanadium and vanadium-nitrogen alloy were stable and did not have changes. Vanadium pentoxide flake quoted by large-scale enterprises maintain at 190,000 rmb/mt today. Stable offers of leading enterprises in vanadium market like a sea pin, and offers of vanadium pentoxide powder and ammonium metavanadate are mainly stable. However, symptom of an upward trend was beginning, and some plants began to slightly raise prices. It is expected that the price may pick up slightly as the expectation of stopping drop to rebound of the price of raw material. Positivity of making offers by ferro-vanadium and vanadium-nitrogen alloy plants has decreased, so it is expected that the price may rise to a mild extent. Some participants speculated that the bidding for steel mills would be expected to see a rebound in the following bidding.

• [Editor:Wang Linyan]