Manufacturers are Reluctant to Sell and Vanadium Prices Have Edged Up This Week Vanadium prices have risen this week due to various factors. At the beginning of the week, raw materials have been tight. Bulk quotations and transaction prices have gradually moved up which has further promoted the downstream market transaction prices of ferrovanadium and vanadium-nitrogen alloy. At present, the transaction price of bulk V2O5 flake is about CNY 126,000/t- CNY 128,000/t. The transaction price of ferrovanadium increased slightly, which is CNY 128,000/t- CNY130,000/t. The price of vanadium-nitrogen alloy as risen because of manufacturers are unwilling to sell goods. Some of the transaction prices have exceeded CNY 200,000 /t by acceptance

This week, from the slow increase in the price of vanadium raw materials to the step-by-step increase in the price of vanadium-nitrogen alloy, market irrational factors are gradually increasing, which also makes the follow-up market more unstable. Our website think that long-term stockpiling will be risky.