Recently the vanadium market in China had not seen big changes, basically staying the same as before. However steel mills made less purchase which arouse worries of some producers.

　　1, The vanadium material market still maintained stable.

　　The vanadium material market in China maintained stable. Producers offered within a rational range, especially vanadium flake hovering at a high level which had impact on the market. Turnover of vanadium powder and ammonium vanadate performed weak, and most of downstream companies were waiting.

　　At present 98% vanadium flakes, 98% vanadium powder and ammonium vanadate assessment reached 26,5000-27,5000 yuan/t, 26,0000-26,7000 yuan/t and 25,2000-25,7000 yuan/t respectively. The ammonium vanadate market had not seen large amount of turnover. Small demands and price gap of the vanadium flakes had restricted some purchase. The vanadium powder market remained firm in weak trade. On one hand vanadium alloy companies were less willing to purchase vanadium powder due to increasing flake spots. On the other hand chemical companies were not interested in high prices, mainly purchasing in batches.

　　2, Steel mills make less purchase leading to insufficient turnover of vanadium alloy.

　　The ferrovanadium market had witnessed small transactions, and main steel mills were not enthusiastic about purchasing. The market received support from the cost, but still restricted by demands. No changes had been made on the transaction price and quotations, but only a samll amount of stocks were delivered. At present the ferrovanadium assessment remained at 27,0000-28,5000 yuan/t. The ferrovanadium market was stuck in a stalemate mainly due to insufficient demands, cost support and the attitude of sellers. It was expected that the ferrovanadium market might remain stable with less buying business.

　　The vanadium nitrogen alloy market had seen a steady trend, with prices mainly hovering at high levels. Although the tendering price seemed good, producers were still worried about the subsequent market because of the decreasing demands. Currently the vanadium nitrogen alloy assessment remained at cash 40,0000-42,0000 yuan/t and at acceptance 41,0000-43,0000 yuan/t. Steel mills offered at prices ranging from 41,0000-42,0000 yuan/t, most were hovering below 42,0000 yuan/t. However some producers were still concerned about pressing the vanadium nitrogen price lower will have negative effect on the development of the market.

　　In conclusion, the vanadium material market, especially the price of flakes, basically maintained stable, and large companies strongly sticked to the market. Attracting the attention of the whole market, the tendering price from terminal steel mills will also influence the profit rate of vanadium alloy companies and market development.