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[ferro-alloys.com] Supply of goods is still in shortage in vanadium market, because raw material resource is rare, part vanadium-nitrogen alloy enterprises cannot purchase raw materials that they cannot make offers; large-type enterprises of flaky vanadium pentoxide want to stabilize the market and they do not make offers tentatively; price of tender of vanadium-nitrogen alloy of steel mill is up to a larger extent; prices of vanadium products hit to a  new high in the near term, which is near to the highest price in 2017, purchasers’ emotion of waiting and seeing and cautious purchasing is stronger, and the conclusion in the market is weak.   

Flaky vanadium pentoxide market performances disorder, Large-type enterprise like Jianlong Group wants to stabilize the market, do not want that the price rise too fast and does not make offer tentatively, offers of small and large enterprises are higher, concluded price of flaky vanadium pentoxide 98% reached to above RMB 165,000/mt last week; price of tender of vanadium-nitrogen alloy of steel mill soars and quantity of tender is not much, price of tender of Wuhu Xinxing Pipes in January is RMB 289,000/mt (acceptance, 20 tons), up 11.15% from the last price of tender of RMB 260,000/mt(acceptance, 30 tons) of Hebei Jingye; Supply of Ferrovanadium is also less, offer of cash including VAT of Ferrovanadium 50% is basically above RMB 180,000/mt today. 

Shortage of raw material resulting in tense supply of goods in the industry chain, enterprises who own goods only have several tons or dozens of tons in inventory, leading to the continues rise of price of vanadium, near to the highest price in 2017, a layer of anxiety atmosphere covers in the market; the higher the price, the stronger the cautious purchasing emotion, the conclusion is weak in the market.  

• [Editor:Wang Linyan]