www.ferroalloynet.com: Steel bidding has started from the end of April, the steel bidding price pf vanadium-nitrogen alloy has gradually fallen to CNY 220,000/t from tax-inclusive price of CNY 245,000/t, while ferrovanadium price has dropped to CNY 165,000/t from CNY 170,000/t, and vanadium product prices has subsequently reduced.

After May Day holiday, the cash price of ammonium vanadate is CNY 140,000-150,000/t including tax, and that of vanadium pentoxide is CNY 150,000-155,000/t, the market transaction is not much, and most of factories choose to wait and see. Steel bidding is continuing, from the current overall situation, vanadium prices are still not optimistic.

www.ferroalloynet.com