Recently the vanadium market in China maintained at high levels. On one hand, the vanadium material price failed to slide down leading to limited spot lots in the market. On the other hand, vanadium alloy companies made less delivery as steel mills tendering for small quantities temporarily. Therefore producers held a cautious attitude.

　　1, The vanadium material market achieves a small amount of turnover.

　　Recently the vanadium market had seen a stable trend, with producer’s assessment maintaining firm. Vanadium flake companies continued to bolster the market up. Less deals were concluded though small and medium producers moved its assessment up to a high level. Otherwise as the vanadium powder and ammonium vanadate market changing gradually, enterprises also provide offers based on the price of vanadium flake and buying business. However most of companies still remained steady as the market pattern had bot been broken.

　　At present 98% vanadium flakes and powder assessment remained at 26,0000-27,5000 yuan/t and 26,0000-26,7000 yuan/t respectively. The ammonium vanadate assessment hoverd at prices ranging from 25,2000-25,7000 yuan/t. The ammonium vanadate market had not experienced big fluctuations, but producers and downstream companies failed to reached an unanimous on the assessment which caused less buying trades. Meanwhile The long period of processing vanadium pentoxide also prevented some companies from purchasing. The vanadium flake market still maintained stable, with large producers offering at high level while small and medium producers at low levels. Less purchase made by terminal mills also had impact on high-level business. Otherwise the vanadium powder market stayed firm showing less transactions, which was barely accepted by downstream companies.

　　2, Steel mills make less purchase, with insufficient vanadium alloy spots.

　　Recently the ferrovanadium market performed subdued. Though steelmakers started to tender, the total quantities still seemed insufficient. Most of producers reported that they suffered with less inquiries from mills and traders. Besides producers mainly focused on digesting previous stocks due to the difficulty of purchasing. At present ferrovanadium assessment mainly remained at 27,5000-28,0000 yuan/t, but traders mostly tilted toward price of 27,0000 yuan/t.

　　The vanadium nitrogen alloy market had also seen a steady trend with small fluctuations in prices. Companies also focusing on tenders so as to extend purchase. Currently vanadium nitrogen alloy assessment maintained at 40,5000-43,0000 yuan/t. In addition steel mills generally offered at 41,0000-42,0000 yuan/t, while traders were willing to bid at 41,0000 yuan/t. Under this circumstance the market will become clearer as steel mills tendering increasingly.

　　In summary, the vanadium market currently paid attention to tenders from steel mills especially prices and demands.

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