Recently the vanadium market moved forward at a high level. Facing pressures, producers did a great job in maintaining the market stable. The firm vanadium flake and limited spots had great impact on the stability of the vanadium market. Other vanadium products adjusted on the basis of actual situations.

　　1, The vanadium material market has not seen obvious fluctuations

　　The vanadium material market seemed ordinary, especially the flakes maintained firm. The vanadium powder and ammonium vanadate market seemed subdued in slow trade, affected by the whole market and less orders from downstream companies. To aviod risks, companies mainly made purchase based on the market 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 transaction of vanadium powder and ammonium vanadate was few. Main producers maintained its quotations firm, but small and medium producers adjusted its price a little lower, which preliminarily affected the development of the market. The vanadium flake market stayed frim, especially quotations from small and medium producers maintained the same as before. Considering the profit and production, producers were extremely worried about the subsequent market.

　　2, The ferrovanadium and nitrogen companies face light presures, but still feel worried.

　　Recently the ferrovanadium market had witnessed only a few buying business. On one hand, steel mills made less purchase. One the other hand traders were busy with back-to-back orders cautiously, and producers refused to sell at low prices. Currently The ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t. We understood that ferrovanadium companies were still confused about the high-price production cost and a state of worries. Approaching the middle of August, less market activities was likely to influence the operation of producers.

　　The vanadium nitrogen alloy market maintained at a high level. Except regular orders most of producers were waiting to see the further develoment, so did traders. Right now what is better is that limited inventories and firm vanadium flakes have given support to the market. 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 price slightly changed, but producers obviously changed their mind based on expectations.

　　3, The European ferrovanadium market slightly drifts down.

　　The international vanadium market appeared weakness. On one hand the market demand reduced in summer vanation. On the other hand less transaction had been made in the ferrovanadium market, leading to the weakness in the European ferrovanadium market. The European ferrovanadium assessment fell to $80.75-82.5, while the American ferrovanadium assessment unchanged at $39-40. The European vanadium pentaoxide assessment also unchanged at $18.5-19.25.

　　In conclusion, The vanadium market in China moved steadily, but producers were still worried about the market. It was expectd that the vanadium market will still be supported by the vanadium flakes, but companies took cautious and waited to see the development of the subsequent market.