Date: Nov 16, 2018

www.ferroalloynet.com: This week, there is decreased number of bids and the market transaction is quite thin. The middlement are very interested in selling and lower prices, but the transaction remains poor. Vanadium product prices are reduced sligthly. Ammonium metavanadate prices fall to 330000-350000 rmb/ton, vanadium pentoxide flake prices drop to 490000-500000 rmb/ton by cash with tax. Ferrovanadium manufacturers make demand-based purchase and ferrovanadium is trading in a range of 460000-480000 rmb/ton. Vanadium-nitrogen bidding prices sit in a range of 760000-770000 rmb/ton by acceptance with tax.

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