Recently the vanadium market had seen a stable trend. On one hand, it was difficult to purchase spot goods. On the other hand, steel mills tendered for vanadium nitrogen alloy at a high price. Other vanadium products appeared a little subdued.

　　1, The vanadium flakes maintained firm, while the vanadium powder and ammonium vanadate seem subdued.

　　Recently the vanadium market bascially maintained stable mainly supported by the vanadium flake prices. Except long-term contracts, bulk cargoes were more easy to purchase but the price was relatively high. Downstream companies made less purchase than before because of the decreasing orders from terminal steel mills.

　　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 maintained stable at 25,2000-25,7000 yuan/t. The vanadium powder and ammonium vanadate seemed weak, especially the transaction price went down after adequate vanadium flake came into the market. The vanadium market had seen a steady trend, with large companies offering at acceptance 27,0000 yuan/t, as well as small and medium ones offering at cash 27,0000 yuan/t and above.

　　2, Vanadium alloy companies operate cautiously

　　The ferrovanadium market had seen small fluctuations. With its price maintaining stable under the support of cost. On one hand producers felt less pressures and were not rush to sell. On the other hand, it was difficult to purchase at low prices. Producers were confused about the subsequent market but still reached an unanimous in short terms. Currently the ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t. We understood that ferrovanadium enterprises were cautious about purchasing materials and selling.

　　The vanadium nitrogen alloy market remained at high levels, thus buyers took cautious about buying. 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. We learnt that vanadium nitrogen companies had not seen big fluctuations in its quotations. They tried to adjust its assessment with a rational range.

　　In summary, the vanadium market in China stabilized gradually. It is expected that the vanadium flakes price may maintain stable in short terms, but other vanadium products may face a certain pressures.

　　Exlusively edited by Comelan and can not be reposted !