The vanadium market steadily moved forward, with producers focusing on the market development so as to make purchase and adjust its inventories.

　　1, The vanadium material market remains stable

　　Recently the vanadium market has seen small fluctuations. Some producers have slightly adjusted its quotations without affecting the structure of the market demand and supply. On one hand vanadium flakes were insufficient. One the other hand prices of vanadium powders and ammonium vanadate slightly changed, having small impact on companies.

　　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 25,0000-25,5000 yuan/t. Transactions of ammnium vanadate were less. The differences between its price and the flakes price also attracted some downstream companies to make purchase. Transactions of vanadium flakes seemed good. According to our statistics, the total trading volumes reached 500 tons last week mainly due to the release from large producers and deals of bulk cargoes. The vanadium powders market seemed weak, facing less pressures on sales. Some producers lowered its price to sell, which have not influenced the trend of the market.

　　2, Prices of ferovanadium and nitrogen alloy maintain at high levels

　　The ferrovanadium market maintained at a high level, and most of producers were talking about demands and the flakes price. It is not obvious that ferroniobium can replace ferrovanadium, but mainly vanadium nitrogen. Currently The ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t. We understood that most of ferrovanadium companies with large inventories maintained their quotations the same. The European ferrovanadium market has given support to the Chinese market. Considering the current prices, producers were not enthusiastic about exports.

　　The vanadium nitrogen market was stable. As the production cost was hard to reduce, companies were forced to maintain the market stable to aviod from hanging upside down. 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. Vanadium nitrogen companies, as we learnt, made purchase and production based on orders, and were afraid of buying lots of raw materials and accumulating stocks. Companies were confused about the market development as prices hovering at a high level.

　　3, The international vanadium market seems weak

　　The international vanadium market slightly drifted down, which stimulated producers to deliver. However downstream demands still not rallied up. The European vanadium pentaoxide market has seen less high-price quotations, while the American ferrovanadium market remained stable without changes. The European ferrovanadium assessment fell to $79.9-81.6/t, while the American fferrovanadium assessment unchanged at $39-39.8/t. The European vanadium pentaoxide assessment range narrowed to $ 18.5-19.25/t.

　　In conclusion, The vanadium market will start to focus on tenders from steel mills, especially large steelmakers, and prepared for its fuether moves.

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