The vanadium market moved forward steadily with limited spot lots, especially vanadium flakes and vanadium nitrogen alloys. Producers were also optimistic about the subsequent market.

　　1, Vanadium flakes remain firm, vanadium powders and ammonium molybdate companies receive more inquiries

　　The vanadium material market performed good. As low-prices products flowing into the market, some producers were optimistic about the market and transactions also improved. Companies that failed to purchase vanadium flakes also started to buy vanadium powders and ammonium vanadate, which furtherly stimulated the market demand.

　　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 remained stable at 25,0000-25,5000 yuan/t. The price of ammonium vanadate has ralled up to 25,0000 yuan/t, and producers also offered at that price and above. The vanadium flakes seemed good, with main producers offering at acceptance 27,0000 yuan/t, and the price of bulk cargoes also reached 27,0000-27,50000 yuan/t. The vanadium powders market also remained stable and is expected to improve, due to limited spot lots.

　　2, The ferrovanadium market posesses less spot goods, vanadium nitrogen companies are unwilling to sell at low prices

　　The ferrrovanadium market has seem improvements with limited low-price spots. On one hand it has been restricted by production costs. On the other hand some producers had confidence in the subsequent market so that they tried to rise quotations. Currently The ferrovanadium assessment unchanged at 27,0000-28,5000 yuan/t. We understood that it was difficult to purchase below 27,0000 yuan/t. Some producers were optimistic about the market, but others were waiting to see the developmet of the market.

　　The vanadium nitrogen companies faced les pressures. As steel mills coming to make purchase, producers have also received more inquiries and changed their attitude about the subsequent market. Currently the vanadium nitrogen alloy assessment maintained stable at 40,5000-43,0000 yuan/t. The price made by steel mills mainly hovered at 41,0000-42,0000 yuan/t. We learnt that the vanadium nitrogen market was supported by less inventories and high production cost. Even if producers can purchase powders and ammonium vanadate, the prices will higher than the previous’s. The whole vanadium nitrogen market showed some enthusiasm.

　　3, The European ferrovanadium market has seen small fluctuations

　　Recently the internatioanl vanadium market has seen small changes. As the sunner vacation coming to an end, producers were aslo waiting to see the development of the market. The price gap in the Asian and European ferrovanadium market was narrowing, while other vaandium producers still maintained stable. The European ferrovanadium assessment range narrowed to $80-81/t, while the American ferrovanadium assessment unchanged at $39-39.8/t. The European vanadium pentaoxide assessment also reamined stable at $18.5-19/t.

　　In conclusion, the vanadium market in China performed good, with quotations maintaining stable. Producers were also optimistic about the market.