2012 Annual Report on Vanadium Market
2013-05-08 15:56:19 【Print】
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The whole vanadium market experienced a price decrease in the first three quarters and a price rise in the last quarter of 2012
. The Chinese vanadium products prices kept decreasing in the first half of 2012 due to the slow demand and then got into the worst situation in the Q3 with a lower price running for two months . At the beginning of October, the demand for vanadium nitride which is the raw materials of Rebar HRB400 started to increase supported by the policy “Fast track Application of high-Strength Steel instruction Guidance” and the price continued increasing with a strong tendency from the end of Q3 until the end of the year . Other vanadium products prices were driven up accordingly . Although the vanadium products prices increasing sharply, participants still hold a wait-and-see attitude towards the future market . At the same time, oversea vanadium market was still suffering from the slow demand due to the sluggish economy . What’s more, as the supply in oversea market was still over large, it is the focus for all the vanadium participants that whether the vanadium market can keep firm or not .