Vanadium Market Report June 2015
2015-07-20 14:47:39 【Print】
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The Chinese vanadium market witnessed slow buying activities. Influenced by the constantly sluggish downstream market, buyers’ bargaining was fierce but ferrovanadium 50%min and vanadium pentoxide flake 98%min producers refused to sell at lower price level. Buyers and sellers were in a game. Early the month, the prices for ferrovanadium 50%min and vanadium pentoxide flake 98%min went up slightly and then turned to show stable-oriented tendencies. And at the end of June, the prices for ferrovanadium 50%min began to drop, while those for vanadium pentoxide flake 98%min remained stable. As for vanadium nitride, producers raised their prices together and consumers were forced to accept price increases. As it was near the late June, under the heavier inventory and financial pressure, producers lowered their prices to recoup money and compete for deals.
Turning to the Chinese vanadium export market, Chinese vanadium pentoxide flake 98%min, due to the thin profits, raised their prices by USD0.05/lb in the first half of the month and insisted on dealing at their new price level. However, limited buying activities could be seen in the market as most buyers delayed placing orders. The sluggish demand caused sliding prices for the material in the second half of June. As for ferrovanadium 80%min, overseas buyers were in no hurry to make new purchases, and exporters, in order to maintain the relationship with regular clients and recoup money, were forced to reduce prices under the poor demand and fierce competition.
Turning to the Chinese vanadium export market, Chinese vanadium pentoxide flake 98%min, due to the thin profits, raised their prices by USD0.05/lb in the first half of the month and insisted on dealing at their new price level. However, limited buying activities could be seen in the market as most buyers delayed placing orders. The sluggish demand caused sliding prices for the material in the second half of June. As for ferrovanadium 80%min, overseas buyers were in no hurry to make new purchases, and exporters, in order to maintain the relationship with regular clients and recoup money, were forced to reduce prices under the poor demand and fierce competition.
