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. 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.
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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.
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