Key drivers
• Chinese domestic vanadium alloy producers raised their offer prices significantly last week in response to increased buying from mills and higher vanadium pentoxide (V2O5) prices.
• Some alloy producers were heard to have achieved deals for vanadium nitrogen at around 155,000 yuan ($23,664) per tonne within the pricing period. Prices are paid in cash and include the value-added tax (VAT).
• Some steel mills returned to the market to buy vanadium alloy products to meet near-term production needs while others will possibly re-enter the market in the week beginning Monday December 28, market...
