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[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB69,000-70,000/mt (USD11,311-11,475/mt, export duty excluded) by acceptance. Vanadium pent oxide supply was limited, so suppliers had small inventory pressure and insisted on high offer. At the same time, the demand of downstream buyer was thin, vanadium pent oxide market lost upward momentum.

Vanadium nitrogen alloy was offered at RMB116,000-117,000/mt (USD19,016-19,180/mt, export duty excluded) by acceptance. Suppliers first waited to see the market, as they couldn’t earn profit at the low level. Vanadium nitrogen alloy price would keep the low level due to sluggish steel industry.

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• [Editor:Mango]