[ferro-alloys.com]  It is calm and stalemated in vanadium market today, gambling between the sellers and the buyers at the high level. Recently, affected by the centralization of bear news of the downstream steel market and continued weak steel prices, steel alloys market is weak in whole; however, buoyed by the raw material of high price, price of vanadium series maintains high, and guidance offers of ferro-vanadium and vanadium-nitrogen alloy of Ansteel are not change for now.  

Steel mills are cautious to purchase vanadium alloy and delay the tender and purchase; meanwhile, part steel steels purchase ferro-columbium to replace vanadium alloys. Currently, vanadium market enters into a stalemated and consolidation phase, the upstream and downstream enterprises are gaming. Many enterprises are waiting and seeing the result of tender of steel mills. Weekly guidance prices of ferro-vanadium and vanadium-nitrogen alloy announced by Ansteel are not changed today that offer of ferro-vanadium 50% stands at RMB 195,000/MT and vanadium-nitrogen alloy stands at RMB 293,000/MT. But, under the relatively weak circumstance in China, some enterprises shake their confidence and have reduced their offers. Buoyed by the raw material and suppressed by the steel market, vanadium price is mainly stable and fluctuates at a narrow range.  

• [Editor:Wang Linyan]