Recently the vanadium market in China had seen a stable trend. The firm vanadium flakes gave strong support to the downstream vanadium alloy market. Although the market suffered with pressures, it still maintained steady and strengthen some producer’s confidence in the subsequent market.

　　1, the vanadium material market faces light pressures.

　　Recently the vanadium material market had not seen big fluctuations. Downstream vanadium alloy companies chose to reduce purchase or tried to buy at lower prices, but its assessment and delivered price basically stayed tha same as the previous. Firm vanadium flakes also gave support to the vanadium powder and ammonium vanadate, thus building the confidence of producers. It succeeded in controlling its quotation and price within a rational range.

　　At present 98% vanadium flakes and powder remained at 26,5000-27,5000 yuan/t respectively. The ammonium vanadate assessment remained at 25,2000-25,7000 yuan/t. The vanadium powder and ammonium vanadate market seemed subdued compared with the flakes market. However prices had not experienced big adjustment influenced by inventories and expectations on the subsequent market. The vanadium flake market maintained firm, with its assessment sticking to the baseline of the market. Though it was hard to sell at high prices, small and medium companies were reluctant to sell at low prices, enabling the market to maintain stable. Otherwise some companies still said that a large amount of delivery failed to drag the prices down.

　　2, The ferrovanadium market was relatively subdued, while the vanadium nitrogen price was accepted.

　　The ferrovanadium market was relatively subdued in recent days. On one hand the market was lack of demands. On the other hand producers appeared calm on the subsequent market, triggered by cost, stable assessment and big pressures. At present the ferrovanadium assessment remained at 27,0000-28,5000 yuan/t. We understood that the ferrovanadium market was also subdued, dealing with insufficient demands and high price. The ferrovanadium market was expected to maintain stable in short terms.

　　The vanadium nitrogen alloy market performed good. At presnet the vanadium nitrogen alloy assessment remained at cash 40,0000-42,0000 yuan/t and at acceptance 41,0000-43,0000 yuan/t. Currently many companies focused on the market development calmly and held a cautious attitude.

　　3, The international vanadium products consolidate at high price

　　The international vanadium product market had witnessed slight fluctuations. The European ferrovanadium market maintained stable, with its turnover drifting downward. However the American ferrovanadium market had steepped into a stable stage the same as the international vanadium market.

　　In summary, vanadium products maintained at high prices without much transactions. Producers also held diffierent opinions on the subsequent market. It was expected that the vanadium market will not go through big changes in short terms.

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