Recently the vanadium market in China was slightly deadlocked, especially the actual transactions drifted downward as tenders from steel mills being accomplished. Companies were not only reluctant to sell at low prices but also to purchase at high prices. Under the circumstance of few orders producers had to wait to see the development of the market.

　　1, The vanadium material prices maintain stable, and downstream companies make less purchase.

　　The vanadium material market had not seen apprant fluctuations, and producers faced small pressures on ivnentories. Being afraid of large purchase downstream companies tried to make a weak balance between supply and deamnd. Without the direction of orders most of them stopped purchasing temporarily and waited to see the subsequent market, thus having impact on the market supply and demand.

　　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 ammonium vanadate market seemed weak, with some transaction price reaching cash 24,5000 yuan/t. The vanadium flake market achieved less deals. On one hand large producers still not delivered this week. On the other hand it was hard for downstream companies to accept the high quotations made by small and medium producers. The vanadium powder market also seemed subdued, with some price hovering at cash 26,0000 yuan/t, but less powder had been bought by dowstream companies especially the vanadium nitrogen enterprises.

　　2, The ferrovanadium and nitrogen market is in a stalemate

　　The ferrovanadium market was stuck in a stalemate, both facing the support by the production cost and pressures from steel mills. Now enterprises were difficult to purchase raw materials and also to sell ferrovanadium at high prices. However they still worried about deliver at a lower price as the development of the market was confusing. At present The ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t. We understood that most of ferrovanadium companies possessed limited stocks, and producers held different opinions on the subsequent market.

　　The vanadium nitrogen alloy market had stepped into a slack period. On one hand steel mills had finished purchasing gradually, with its price being confirmed. On the other hand producers faced small pressures on inventories, but were still worried about changes in the structure of the supply and demand. 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. We also learnt that the vanadium nitrogen market was flat, and companies held a complicated attitude. Producers were still strongly concerned about the subsequent market though steel mills maintained its price at a high level and strengthened the market confidence.

　　In summary, the vanadium market in China had stepped into a quiet period, while other vanadium market outside China seemed a little weak. It was expected that the vanadium market will not face huge pressures but will not gain great momentum.

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