Recently the vanadium market maintained at high levels. Whether the vanadium flakes and alloy can remain firm still played an important role in the development of the market. Producers also paying attention to tenders from steel mills.

　　1, The vanadium flake maintained firm while vanadium powder and ammonium vanadate performed subdued.

　　The vanadium material market had seen a steady trend, but products performed different from each other. Vanadium flakes price was firm mainly because major producers were not worried about selling. However the vanadium powder and ammonium vanadate market seemed subdued. Downstream companies had experience weak deamands and a kind of chaos without the steady and consistent support of the market and large producers.

　　At present 98%vanadium flake and powder assessment unchanged at 26,5000-27,5000 yuan/t and 26,0000-26,7000 yuan/t respectively. The ammonium vanadate assessment also maintained at 25,2000-25,7000 yuan/t. The ammonium vanadate had seen a huge gap in its assessment, with its lower level maintaining at 25,0000 yuan/t and higher level maintaining at 25,5000 yuan/t. Some companies that process vanadium pentaoxide via buying ammonium vanadate also slowed down its pace to make purchase. Otherwise the vanadium flake market remained stable. Major producers insisted on the price of 27,0000 yuan/t, while small and medium producers still offered at 27,0000-27,5000 yuan/t and above. The vanadium powder market locked in a stalemate, especially producers were confused about its delivering price after less purchase had been made by vanadium nitrogen companies.

　　2, Steel mills start to tender for vanadium alloy.

　　Recently steel mills in China had tendered for more ferrovanadium though the total amount slightly drifted down. Most of producers maintained its assessment at a reasonalbe level triggered by the support of cost and the difficulty of purchasing at low prices. At present the ferrovanadium assessment maintained stable at 27,0000-28,5000 yuan/t. A steel mill in Jiangsu province had tendered for 70 tons ferrovanadium at acceptance 27,7000 yuan/t, basically within producer’s expectations. Some companies also said that high-price turnover was mainly accomplished by small and medium steelmakers, while large mills still tried to suppress the market.

　　The vanadium nitrogen alloy market maintained at high levels, with the bid hovering at 42,0000 yuan/t and above. Most of steel mills also kept the price stable at 42,0000 yuan/t, but the total demand decreased slightly. Currently the mainstream vanadium nitrogen assessment was reported unchanged at 40,5000-43,0000 yuan/t. We understood that vanadium nitrogen alloy companies were optimistic about the subsequent market, but still feared for high risks. Traders also shared the same attitude as those companies. Besides companies, especially those with a certain stocks, were also considering about delivery problems.

　　In summary, the vanadium market in China basically maintained stable currently as it was cautious and uncertain about how to take the next step.

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