Vanadium Market Report May 2015

The Chinese vanadium market became warmer in May, with increasing prices.Asian Metal Copyright Chinese consumers, to maintain normal production, were forced to increase their target prices.Asian Metal Copyright The vanadium pentoxide plants raised the prices together due to the thin profits, and the ferrovanadium 50%min and vanadium nitride producers raised their offers accordingly and refused to sell their products at lower price level, so as to avoid potential losses caused by the rising raw material prices.Asian Metal CopyrightThe Chinese vanadium market became warmer in May, with increasing prices.Asian Metal Copyright Chinese consumers, to maintain normal production, were forced to increase their target prices.Asian Metal Copyright The vanadium pentoxide plants raised the prices together due to the thin profits, and the ferrovanadium 50%min and vanadium nitride producers raised their offers accordingly and refused to sell their products at lower price level, so as to avoid potential losses caused by the rising raw material prices.Asian Metal Copyright Turning to the Chinese vanadium export market, as the output of vanadium products in South Africa reduced, worried about the decreasing supply, the overseas buyers began to rebuild stocks from Chinese exporters.Asian Metal Copyright The prices for ferrovanadium 80%min went up slightly, and with abolishment of the Chinese 5% export duty on vanadium pentoxide since May 1st, Chinese vanadium pentoxide exporters lowered their offers accordingly.Asian Metal Copyright The prices for ferrovanadium 80%min went up slightly, and with abolishment of the Chinese 5% export duty on vanadium pentoxide since May 1st, Chinese vanadium pentoxide exporters lowered their offers accordingly.
.Asian Metal Copyright Chinese consumers, to maintain normal production, were forced to increase their target pricesAsian Metal Copyright