Vanadium market is quiet on May 5^th, and there is enquiry accidently.

Generally, domestic vanadium market is quiet at present, and the offer of suppliers are basically stable, while purchasers accidently enquire with low purchase activity. Most market participants are expecting new motivation without any action.

Ferrovanadium market mainstream price keeps at 108000-110000 yuan RMB/ ton, and producers keep producing with small amount of delivery, not intending to drop the price. Plat vanadium oxide market keeps firm, and its price keeps stable at 101000-102000 yuan RMB/ ton. Although the enquiry price is comparatively low, most suppliers keep their quotations without intention to sell at a low price.

In short term, there seems no sign to fluctuate in a wide scale, and it will keep stable in the beginning of May, will the market trend in middle and latter part of May depends on the demand of terminal users and change of international market.