www.ferroalloynet.com: Since last Friday, the quotation of V2O5 flake has increased slightly. Traders are active in sending inquires and they are unwilling to sell goods at low prices. The cash offer is CNY 93,000-94,000/t, the intended purchase price of alloy factory is CNY 91,000-92,000/t and that of traders is CNY 93,000/t. The buyer and the seller are in a deadlock, so it’s difficult to conclude a deal. The price of V-N alloy has raised by CNY 2,000/t to CNY 143,000-145,000/t, with few transaction. Some manufacturers keep taking wait-and-see stances. The inquires for ferrovanadium are limited and the quotations are stable at CNY 98,000-102,000/t.

The inquiry in vanadium market is active, but the actual deal is not optimistic. The pressure of downstream alloy plant is relatively high. Approaching to the middle of the month, the demand of steel mills is stable but weak. The vanadium product market may continue to bear pressure, and the situation of oversupply will not be improved in the short term. Various vanadium enterprises are cautious in producing.

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