Recently, the domestic vanadium products are shouldering heavy pressure from steel mill tenders and raw material market. The situation is far from satisfaction, and many participants are not looking forward to the perspective market. After great fall from the international market, the support is seriously in need in the Chinese market.

　　The raw material market is having a steady fluctuation at the moment. Though plants have done a great deal not to adjust the price, but the market can hardly hold itself due to lack of demand and large inventory. The price of vanadium raw material is slack, the few plants are running at the moment. However, plants which are offering have no plan to pause.

　　The mainstream assessment of 98% v2o5 flakes is at Yuan 37000-39000/mt, 98% powder Yuan 42000-44000/mt, ammonium metavanadate Yuan 40000-42000/mt. The ammonium metavanadate is not stable now, though many plants are forced to pause, the price is still sliding. Many plants cannot afford to let go cheaply as the cost is high, which causes an atmosphere of hesitation. The flakes market are shouldering more pressure and worrying about the next round of steel mill tenders, sliding price or no demand. The downstream market is not actively making purchase as the flakes price is sliding after the vanadium alloy market. The powder market is not running well with little support. Sellers are not willing to offer as the price is far from satisfactory. Few participants are in the market.

　　The domestic ferrovanadium market is going down gradually as cheap flakes lower the cost, pressure from steel mill and lack of demand. There are more and more cheap offers as producers are not looking forward to the future market. The ferrovanadium mainstream assessment is at Yuan 46000-48000/mt, and the steel mill tender is at Yuan 46000-47000/mt accepted. Some sources say that the ferrovanadium market is also having a big obstacle. Most ferrovanadium business are suffering loss as the price of ferrovanadium is sliding faster than that of the raw material. Producers are not willing to make any purchase, but are running only according to orders or prediction to lower the risk. The ferrovanadium market is likely to fall again.

　　The vanadium nitrogen alloy market is going down without sign of stop. Many participants are worried about the direction anxiously. Producers are forced to compete for those ever shrinking orders facing the pressure from steel mills and oversupply, especially for those who make good return. This also let down the price. The mainstream assessment of the vanadium nitrogen alloy is at Yuan 69000-72000/mt and the actual transaction is at Yuan 68000-70000/mt. The vanadium nitrogen alloy market is still touching down with no sign of bottom. Though there are only about 10 plants running, the supply is still overwhelming.