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[ferro-alloys.com] This week, under the condition of continuous proceed of inspection of environmental protection and tense source, price of vanadium continues to rise.

Currently, main offer including VAT of piece of vanadium 98% ranges from RMB 92,000 to RMB 94,000/mt; main offer including VAT of Ferro Vanadium 50% ranges from RMB 97,000 to RMB 99,000/mt; main offer including VAT of vanadium-nitrogen alloy ranges from RMB 147,000 to RMB 150,000/mt. Rise of price of Ferro Vanadium lags behind piece of vanadium and vanadium-nitrogen alloy, and its price rises rapidly recently.  

A procedure in Hunan said that now the environment is inspected seriously, and there is no spot goods nor production, and when is to be reproduced is unknown. Many producers in other areas has stopped the production. Demand from buyers is not large, most for them holds the cautious and hesitate attitude, and the buying willingness of buyers had reduced, and the steel mill has to purchase due to production requirement and conducted inquiries and comparison for several times, and the price becomes a more important factor that needs to be considered, and the trading activity of real trading in the market is reduced. 

• [Editor:Wang Linyan]