[ferro-alloys.com] Return to the market after Tomb-sweeping Day in April, under the influence of decrease of goods resource and rise of vanadium price in international market, vanadium price in China rose this week. Supply of Vanadium material  piece of vanadium is relatively tense, currently, main concluded price of piece of vanadium ranges from RMB 85,000 to RMB 86,000/mt (acceptance including VAT), risen by RMB 1,000/mt compared to the main concluded price from RMB 84,000 to RMB 85,000/mt (acceptance including VAT) last week.

Ferro Vanadium and Vanadium Nitrogen Alloy in stock also decrease, HBIS does not offer because they do not have goods in stock; a company in Liaoning showed that the raw material is difficult to purchase that their production of Ferro Vanadium purchases the policy of producing by order; main offer of cash including VAT of Ferro Vanadium is RMB 91,000 to 93,000/mt. Offers of Vanadium Nitrogen Alloy in market has larger difference, the offer at lower price is for the goods in stock of traders, and the offer at a higher price is for the new order of manufacturers; main offer of main company is RMB 134,000 to 138,000/mt (acceptance including VAT), a company in Hunan has a offer of RMB 145,000/mt; bidding price of Vanadium Nitrogen Alloy also rises, and the bidding price of a steel mill (commerce acceptance) is RMB 138,650/mt in April 2017    

Offers of other products including vanadium aluminium alloy, ammonium metavanadate, nitrided ferrovanadium also rise to a certain extent. But the buyers are difficult to purchase products at a lower price, and they choose to wait and see.

Because supply of goods has reduced, and environmental protection check is conducting, in a short time, Vanadium price may see a continuous rise.

• [Editor:Wang Linyan]