The Vanadium Trading Volume Has Increased And The Prices Are Stable Temporarily In recent two days, a small amount of raw materials and alloys have been sold in vanadium market, and the trading has improved, but the current transaction price remains stable.

As far as we know, the latest transaction price of V2O5 flake is CNY 129,000-130,000/t by cash, and inquires from vanadium-nitrogen alloy factories are firm. At present, the long-term purchase price of large factories is stable and the stock pressure is not large. The quotation of vanadium-nitrogen alloy is CNY 135,000-137,000/t by cash, and the actual selling price is CNY 135,000/t by cash. The purchase price of some small plants is about CNY 137,000/t by acceptance, and the transaction price of vanadium-nitrogen alloy is CNY 195,000/t by cash. In the absence of new orders, manufactures have low willingness to purchase V2O5 flake, and the steel bidding price is CNY 197,000-200,000/t by acceptance.

It is expected that the market will be really active after Wednesday. However, we predict that the price of vanadium alloy will be weak, and traders may mainly clean up inventory at the end of the month.