Inquiries For Vanadium Have Increased And Quotations Have Edged Up Slightly The last round of vanadium-nitrogen alloy manufacturer’s orders have almost been completed recently, and a new round has started. At present, the tax-inclusive offer is CNY 197,000-200,000/t, which is slightly higher than last week. Approaching to the the end of the month, and the pricing by large V2O5 flake factories is critical. In September, the price of V2O5 flake in Tranvic will stable at CNY 130,000/t by acceptance, and Jianlong has no intention to price. It is expected that Jianlong will not sell V2O5 flake in September, and intends to process them to vanadium-nitrogen alloy. The bulk price of raw materials has started to increase, the offer of V2O5 flake is CNY 132,000-135,000/t, and that of ammonium metavanadate is CNY 127,000-130,000/t. The downstream alloy factories begin to make inquiries actively.

We predict that vanadium prices have a temporary trend of steady. Controlled by the cost of raw materials, the price quoted by steel bidders tends to be CNY 198,000-205,000/t, and it may be difficult to sell at a low price. After all, there are not many spot stocks in the market at present, some of them are high-priced stocks.