Price of Vanadium fluctuated narrowly this week because of influence of weak atmosphere. Taken as a whole, the space of adjustment is still small. It is expected that the market is difficult to change the weak situations of the supply and demand before Spring Festival, and price of Vanadium will mainly keep narrow consolidation. Ferro Vanadium market extend dull tendency, and mainly transacted acceptance price including VAT lowered to between RMB 90,000 and RMB 92,000/MT this week from the price between RMB 91,000 and RMB 93,000/MT last week, and the average price lowered RMB 1,000/MT.

• [Editor:Wang Linyan]