Activities in the vanadium market have decreased mainly influenced by less inquiries and terminal demands, especially companies working on vanadium powders and ammonium vanadate. The whole vanadium market has stepped into a maintenance period in the middle of August.

　　1, Vanadium flakes performed well, the powders and ammonium vanadate market seemed subdued

　　Recently the vanadium material market appeared difference, with the transaction prices of flakes maintaining the same. Producers calmly dealt with the market. Powders and ammonium vanadate companies received less inquiries, with some delivering at low prices, which lowered the transaction prices and made it more difficult to deliver.

　　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 fell to 25,2000-25,7000 yuan/t. Some deals were heared booked at 24,5000-25,5000 yuan/t in the ammonium vanadate market. The vanadium flakes market seemed good, with producers offering at high levels. Without pressures on sales, most of them were optimistic about the subsequent market and tried hard to give support to the stability of the market. The vanadium powders market faced problems on transactions, with downstream companies purchasing less. Some producers dropped its offer level to deliver, others were still holding on previous prices.

　　2, Activities in the ferrovanadium and nitrogen alloy market reduce

　　The ferrovanadium market was relatively weak. Steelmakers and traders made less purchase affected by worries about the market and narrow profits. Currently The ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t. We understood that though there were not big changes in quotations producers still took cautiois about trading due to low profit, less terminal demands and concerns about the market.

　　The nitrogen alloy market maintained stable. To defend own benefits, companies made an efforts to support the price of vanadium nitrogen and reduce its production cost via using low-prices materials, as it was hard for vanadium flakes to decline. 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 learnt that vanadium nitrogen alloy companies operated carefully, mostly worring about the subsequent market. Affected by the tight supply of vanadium flakes, companies were confused about the development of the market in the future, furtherly focusing on avoiding risks.

　　In conclusion, the vanadium market remained stable mainly supported by the vanadium flakes. Other products seemed a little weak. Producers were worried about the subsequent market, but still dealt with it calmly.