Because supply of vanadium-nitrogen alloy exceeds the demand and the Spring Festival is coming that some factories or dealers’ emotion of selling the goods is increasing. The transacted price of vanadium-nitrogen alloy slightly lowered. At the beginning of this week, actually transacted acceptance price including VAT of vanadium-nitrogen alloy (VN16) was RMB 136,000 to RMB 138,000/MT and average price of that was RMB 137,000/MT; at the end of this weekend, actually transacted acceptance price including VAT of vanadium-nitrogen alloy (VN16) was RMB 135,000 to RMB 137,000/MT and average price of that was RMB 136,000/MT, and the average price lowered RMB 1,000/MT. 

• [Editor:Wang Linyan]