Date: May 23, 2018

www.ferroalloynet.com: Vanadium pentoxide flake prices remain at 190000 rmb/ton (acceptance, tax inclusive), while ferrovanadium bidding prices sit at about 190000-191000 rmb/ton (acceptance, tax inclusive). Thus ferrovanadium factories come under serious cost overhang, and most of them have reduced production or suspended production. Traders have limited quantity of inventories. The suppliers are reluctant to sell at lows but high offers are not appealing to buyers.

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