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[ferro-alloys.com]  Bidding and purchasing of vanadium alloys by steel mills were active at the beginning of June, international vanadium price rose sharply which was higher than the Chinese price in whole, the leading enterprises Pangang and Jianlong elevated their offers to a large extent, and domestic inspection of environmental protection is being conducted like a raging fire. China vanadium prices rebound on tightening availability and ticked up quickly in chaos.

 Vanadium pentoxide flake 98% quoted by Jianlong rose to 198,000 rmb/mt from 190,000 rmb/mt (acceptance). Currently, vanadium pentoxide flake 98% is mainly quoted at 198,000 rmb/mt - 210,000 rmb/mt(acceptance); Vanadium pentoxide powder 98% is mainly quoted at around 200,000 rmb/mt(including VAT); Ammonium metavanadate 98% is mainly quoted at around 200,000 rmb/mt(including VAT); ferro-vanadium is mainly quoted at 210,000 to 230,000 rmb/mt(including VAT); and vanadium-nitrogen alloy is mainly quoted at 300,000 to 310,000 rmb/mt(cash-acceptance).

Centralized June tender by Steel mills is closing to the end. Some steel mills delayed the bidding as recently vanadium price rose quickly. Wait-and-see mood is stronger in upstream and downstream markets that rise space of vanadium price is limited.

• [Editor:Wang Linyan]