The domestic vanadium market was stablized recently. Fewer vanadium alloy participants were offering low price as spot goods of vanadium flake was tight. The psychological price level was also moved up as more inquiries were received from traders. The attitude toward the future was also somewhat warmed up, but the rebound was still unclear.

　　The domestic vanadium raw material saw little fluctuation recently.

　　The 98% vanadium flakes was at CNY 30000-32000/ton, 98% vanadium powder was at CNY 37000-39000/ton, ammonium metavanadate was at CNY 35000-37000/ton. The ammonium metavanadate market was offering low price. The flake market was stable. Though more inquiries were received, there were actually fewer trades as early inventories were sold out. Participants from upstream and downstream were discussing the possibility of appreciation.

　　The domestic ferrovanadium market was ideal recently, some producers were sold at higher end of the price range. The entire market was mostly purchased by traders. Steel mills were not having tenders yet. The ferrovanadium mainstream assessment was at CNY 39000-41000/ton, and actual trades were at CNY 39000-41000/ton. Producers obviously reduced the offer as the future was optimistic.

　　The vanadium nitrogen alloy market was stable, especially tenders from steel mills. There were fewer cheap materials available. The mainstream assessment for vanadium nitrogen alloy was at CNY 56000-59000/ton, and actual trades were at CNY 55000-58000/ton. Many vanadium nitrogen alloy producers insists higher offers because the optimistic prospective.

　　The international vanadium market was stable and quiet as the Christmas was approaching. As the US dollar went up, the relative products were shouldering greater pressure. The European ferrovanadium was at $13.3-$13.8/kg, and vanadium pentoxide was at $2.25-$2.5/lb. The American ferrovanadium was at $5.9-$6.1/lb. The demand at European market was not enough. The room for futher appreciation were scarce. European vanadium pentoxide market was stable with few spot goods from China. American ferrovanadium market was weak.