The vanadium price in China continued to move higher, and the market has seen some chaos. Producers started to take a little cautious as price increased. From actual situations and producers’s expectations, the market still remianed well.

　　1、Vanadium flake spots were tight, and downstream conmpanies were still purchasing actively.However downstrean enterprises were confused about purchasing at a high price ,as steel mills had not started to tender at the end of this month.

　　2、The ferrovanadium market had seen a stable increase.Producers offered at a high level, mainly due to tight vanadium flake,the difficulty of purchasing and expectations on the subsequent market.

　　3、The vanadium nitrogen market also continued to rise with a lot of higher assessment. Due to the inability to confirm cost, companies were trying to increase their biding price so as to avoid stucking in a dilemma that they can not purchasing suitable materials.Otherwise a steel mill in Hebei province had tendered 40 tonnes vanadium nitrigen alloy at 34,0000 yuan/t acceptance.Companies were also waiting for tenders from steel mills in late June, and they were concerned about the influence of increasing price on demands.