Vanadium Market Report March 2015
2015-04-20 17:58:20 【Print】
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The Chinese vanadium prices continued to slide in March
. During the early and the middle of the month, as end users’ operating rates were in low level during the Spring Festival holiday, and they were in no hurry to rebuild stocks with enough inventories at hand, the spot market saw poor demand and few deals concluded . Producers reduced price actively to attract clients under the heavy inventory pressure . In late march, most plants could only arrange delivery for the signed contracts, so rare buying activities resulted in the stable prices . As for the Chinese vanadium export market, under the overseas consumers’ decreasing demand for vanadium products and fierce bargaining, exporters are forced to accept price declines to maintain clients.