The vanadium market in China operated at a high level without fluctuations in prices. Vanadium companies performed well in supporting the market ,and some producers also intended to make contribution to the stability of the market so as to aviod risks and deficit.

　　1, Vanadium flakes spots are insufficient, and the vanadium powders and ammonium vanadate market maintain weak

　　Recently the vanadium material market seemed inactive with less adjustment on prices. Producers possessed limited spots, especially vanadium flakes. Large producers mainly focused on long-term contracts, while small and medium ones were unwilling to sell at low prices. A few vanadium powder and ammonium vanadate companies resumed their production, facing less pressures on inventories. Only some inflated prices have been adjusted slightly.

　　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. Although less has been concluded, companies still failed to accumulate much stocks. The vanadium flake market maintained stable, with main producers delivering at acceptance 27,0000 yuan/t and small and medium ones offering at cash 27,0000 yuan/t. Some vanadium alloy companies indicated that it was hard to purchase flakes, but downstream companies also confront challenges in accepting high prices. The vanadium powders market seemed subdued, with its prices hovering at cash 26,0000 yuan/t.

　　2, The ferromoly and nitrogen alloy market still face pressures

　　The ferrovanadium market was still under prssures from steel mills. On one hand the market demand was declining. On the other hand the phenomenon of purchasing at a lower price was severe. Companies were confused about delivering at low prices as it was hard to cut the price of vanadium flakes. Currently The ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t. As we leart ferromoly enterprises faced pressures on inventories, and producers were not enthusiastic about producing, bascially making purchase on the basis of orders from steel mills.

　　The vanadium nitrogen alloy market maintained at a high level. Though some steelmakers tried hard to press prices, transactions still remained stable with the help from vanadium nitrogen companies. 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 understood that the vanadium nitrogen alloy market seemed steady and smooth with less tenders from steel mills. The difficulty of buying flakes also had impact on the output. Most of companies took cautious as the subsequent market was unclear.

　　In conclusion, the vaandium market was struggling to move forward, facing support from vanadium flakes and pressures from terminal steelmakers. Companies should take cautious until the market get clear. Overall the vanadium market was in a stalemate.

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