Vanadium Market Report October 2016
2016-12-29 18:08:48 【Print】
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During October, prices for Chinese vanadium products showed a significantly upward tendency
Meanwhile, affected by significantly increasing prices for vanadium products in the domestic market, export prices for the material moved up substantially. In mid-October, export prices showed an upward momentum due to continuously rising prices in the domestic market and tight spot supply in the European market . By the end of October, the upward tendency hadn’t been over, so overseas consumers started to watch the market on the sidelines.
. Due to tight spot supply and upward raw material shortage, vanadium product prices started to move up substantially after the National Day holiday . By the end of October, prices for Chinese ferrovanadium 50%min and vanadium nitride had gone up largely by 24 . 6% and 21 . 6% respectively while those for vanadium pentoxide flake 98%min increased considerably by 21 . 7% from late September.Meanwhile, affected by significantly increasing prices for vanadium products in the domestic market, export prices for the material moved up substantially. In mid-October, export prices showed an upward momentum due to continuously rising prices in the domestic market and tight spot supply in the European market . By the end of October, the upward tendency hadn’t been over, so overseas consumers started to watch the market on the sidelines.