The vanadium market has been hovering at a high level for almost one month. Producers have done a good job in stabilizing the market, which also supported by insufficient vanadium flakes spots and firm quotations. Meanwhile downstream companies have resisted pressures from steel mills, temporarily going through a high risk period.

　　1, The vanadium flakes prices remain at high levels, and the vanadium powders and ammonium vanadate market is in a stalemate

　　The vanadium material market maintained stable, especially vanadium flakes, and downstream companies indicated that it was hard to purchase spot lots at a lower price. Facing a certain pressures, the vanadium powders and ammonium vanadate market showed a strong resistance while small-and medium-sized ones seemed a little weak.

　　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 remained stable at 25,0000-25,5000 yuan/t. Lots of ammonium vanadates were heard booked at 24,0000-25,0000 yuan/t, and less has been concluded above 25,5000 yuan/t. Major producers with limited spots have received many inquiries. Vanadium flakes were reported booked at cash 26,5000 and 27,0000yuan/t as well as at acceptance 27,0000 and 27,5000 yuan/t. The total transactions were larger than that in last week. The vanadium powders market was in a stalemate, with participants holding different opinions on the subsequent market.

　　2, Quotations of ferrovanadium and nitrogen alloy maintain stable

　　Recently the ferrovanadium market maintained stable. Approaching the end of this month, steel mills will come to make purchase gradually. Producers still had expectations to the subsequnet market because it was hard to reduce the production cost. Currently The ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t, and companies mostly offered at 27,5000-28,0000 yuan/t. Ferromoly companies faced less pressures on its inventories, and it was difficult to purchase at low prices, jointly helping producers stabilize the market.

　　The vanadium nitrogen alloy market remained at a high level without much fluctuations. One one hand it has received supports from the production cost. On the other hand demands from steel mills remained stable. Some companies also tried to broaden its ways to sell. Currently the vanadium nitrogen alloy assessment maintained stable at 40,5000-43,0000 yuan/t. The price made by steel mills mainly hoverd at 41,0000-42,0000 yuan/t. Vanadium nitrogen companies, as we understood, offered at 42,0000 yuan/t. Considering the limited profits, traders were cautious about purchasing and delivering.

　　In summary, the vanadium market performed good currently, and companies successfully stabilized the market and made an effort to avoid high risks. It is expected that the vanadium market will remain stable and wait to see changes in the market.

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