Currently, price of Vanadium Pent Oxide tends stable, and quotation of that from enterprises is about 86,000/Ton (ex-works including tax) and actual transaction price ranges from RMB 8,5000 to 8,6000/Ton. Tenders of Ferrovanadium steel factory launch successively, and the ex-works price of Ferrovanadium is about RMB 94,000/Ton in accordance with the cost of raw material. However, there is not many real conclusion of business recently, and increase of demand is not obvious. Part of enterprises begin to undersell the goods, especially traders, who want to sell the goods before year 2017. At the time being, the Ferrovanadium market is waiting and seeing. 

• [Editor:Wang Linyan]