The vanadium market has consolidated at high levels, especially the stability of vanadium flakes and nitrogen alloy prices gave support to the market. Large producers strongly supported the market, while some small and medium companies adjusted its quotations on the basis of prices from large companies, which led to small fluctuations on the vanadium prices.

　　1, The vanadium material market faces less pressures on supply

　　In recent days the vanadium material market have experienced less changes. On one hand,companies were optimistic about the market as vanadium flakes prices remained firm. On the other hand, vanadium powders and ammonium vanadate prices were slightly adjusted. Under the circumstance of less inquiries some bulk cargoes were booked at a lower price, but main companies still tried hard to maintain their quotations stable.

　　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 also remained stable at 25,2000-25,5000 yuan/t. With limited ammnium vanadate, there has been some difficulty in closing deals mainly due to less demands and downstream companies’ willingness to purchase at a low price. Some producers slightly cut their expected prices as it was dificult to buy spot lots. Vanadium flakes maintained stable, with prices centering on 27,0000 yuan/t. Considering the current production, it will be hard to expand producing. The vanadium powder market seemed weak, with less adjustment on quotations. However some vanadium nitrogen producers were likely to purchase powders as the flakes prices were hard to reduce.

　　2, Ferrovanadium companies offer firmly, the vanadium nitrogen market runs steadily

　　Recently the ferrovanadium market has seen less transactions, but producers still maintained their quotations stable. Many companies found it difficult to replenish spots because of high production cost and less pressures on inventories, which also forced them to be cautious about delivering and low-prices inquiries. Currently The ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t. We understood that ferrovanadium companies were confused about trading, while some with adequate stocks were also weighing how to deliver in a better way.

　　The vanadium nitrogen alloy market was relatively quiet without big fluctuations on prices. Enterprises were waiting for tenders invitation, especially focusing on demands in the next two month. 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 vaandium nitrogen companies were able to deal with cahnges in the market as a result of the stable vanadium flakes and less pressures on inventories.

　　3, The European ferrovanadium market remains steady

　　The international vanadium market seemed weak mainly influence by the slack demands. Some producers lowered prices to sell, which furtherly put pressures on the transaction prices. The European ferrovanadium assessment fell to $80-82, while the American ferrovanadium assessment unchanged at $39-40. The European vanadium pentaoxide assessment also unchanged at $18.5-19.25.

　　In summary, the vandium market in China maintained stable. Affected by some unpredictable factors, producers were still worried about the market in the future. Companies were ready to take orders, and focused on changes in terminal demands from steelmakers.