The vanadium market appears cold slightly;

China imported 3.57mn t of coking coal last month, down by 4pc from 3.72mn t in November but up by 110pc from December 2019.

The 2105 ferrosilicon contract price on ZCE closed at 6740 yuan per ton on February 5.

Ferrosilicon Bidding Information in February, 2021 (02/05/2021).

As for the trend after the festival, many of the industry participants is optimistic, waiting for the market to further clarify.

Japanese steel mill Nippon Steel expects its crude steel output in this year's January-March quarter to recover above 10mn t for the first time since January-March 2020.

In 2020, the total output of vanadium pentoxide was 19.5 mlb, a decrease of 3% from the same period last year. (Total production in 2019 is 2020 mlb)

Aim-listed vanadium miner Bushveld Minerals has achieved a 24% year-on-year increase in vanadium production from its high-grade assets in South Africa.