Currently, production of vanadium-nitrogen alloy is nearly saturated and stock of that is abundant that lower price has been concluded in recent days. Actually, according to the cost of raw materials, most cost of vanadium-nitrogen alloy factories is over RMB 135,000/MT. But recently low transacted price at RMB 131,000/MT of ex-work acceptance price including tax is concluded. Although other most vanadium-nitrogen alloy factories still offer a high-position price at RMB 135000-137000/MT, but the trading volume is obviously less; real transacted acceptance price including tax of factories with goods in stock is RMB 131,000-135,000/MT and cash RMB 129,000-130,000/MT, which is shown that difference of offers from enterprises is large, and the transacted price is confusion. 

• [Editor:Wang Linyan]