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[ferro-alloys.com]  Market stability factors: the weekly guidance price of ferro-vanadium and vanadium-nitrogen alloy released by Ansteel yesterday was unchanged. Vanadium Pentoxide Flake quoted by Jianlong, Desheng and Chuanwei is stable.

 Market bear factors: recently, steel mills purchase ferro-columbium actively, Bao steel will purchase ferro-columbium FeNb65-FeNb60Ta5Al6Sn 220 tons of degree; Wu Kun Shares will purchase ferro-columbium 20 tons through reverse bidding in the early may. The prices of ferro-vanadium and Vanadium Pentoxide in the international market have declined.

 It is continued to be weak in the overall stability in vanadium market, the raw material market supply is still tight, many enterprises do not have spot goods, so offers and conclude prices of Vanadium Pentoxide and ammonium vanadate are relatively strong, having little adjustment. Vanadium alloys significantly are weaker in price, high offer has gradually reduced, of which, the vanadium nitride alloy price continues to fall, mainstream offer is slipped to 290,000-295,000 yuan/ton (cash - acceptance) from 295,000 to 305,000 yuan/ton (cash - acceptance) at the end of last month, having an obvious drop. Mainstream offer of Ferro-vanadium is slipped to 195,000 to 200,000 yuan/ton, high offer of 210,000 yuan/ton has gradually faded out the market, offer below 200,000 yuan/ton has gradually increased, of which, Hebei traders’offer is low, focusing on 193,000 yuan/ton of cash including VAT.

 As domestic market is on weak trend, vanadium alloy enterprises actively to sell goods have increased, however inquiry and purchasing from buyers have reduced in the market. The tensed supply of raw materials is difficult to improve effectively in the short term. Therefore, in the short term, it is expected that the market will remain weak in the overall stability, and the price will adjust in a narrow range buoyed by the high prices of raw material.

• [Editor:Wang Linyan]