Traders’ Operating Space Is Small In Vanadium Market present, there is deadlocked and stable in vanadium market. The manufacturers offer of VN alloy is 159,000 to 163,000 CNY/Ton in cash including tax, and steel bidding price is 161,000 to 162,000 CNY/Ton in acceptance; some manufacturers are reluctant to supply, and some manufacturers said temporarily they didn’t ship at low prices. The offer of ferrovanadium manufacturers is not less than 116,000 CNY/Ton in cash, but traders’ offer ferrovanadium50 is slightly lower cash 113,000 to 114,000 CNY/Ton, and ferrovanadium bidding price is 114,000 to 115,000 CNY/Ton in acceptance. it is difficult for traders to operate the current alloy trade, becasuse the steel procurement price is not high or low, there is no low-cost resources, procurement and sales have no profit space. In the short term, alloy bidding at the end of the month is direction of stability mainly. Seeing and waiting more steel bidding and the market.