Monthly Vanadium Market Report Mar 2020
2020-04-12 22:21:07 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
In March, as the COVID-19 developped world widely, the demand of vanadium products reduced significantly. Consumers only made purchase according to urgent need and most suppliers face high sales pressure . Though some supplier tried to increase their quotation, few buyers would like to follow up . Most insiders watch the market.
In domestic market, as downstream rebar market stayed soft, few steel mills would like to buy vanadium products at a high price level. However, producers of vanadium pentoxide flake refused to drop their quotation and they tried to mainstain the market be steady . Few producers for ferrovanadium and vanadium nitride could guarantee their basic profit margin.
In March, as the COVID-19 developped world widely, the demand of vanadium products reduced significantly. Consumers only made purchase according to urgent need and most suppliers face high sales pressure . Though some supplier tried to increase their quotation, few buyers would like to follow up . Most insiders watch the market.
In domestic market, as downstream rebar market stayed soft, few steel mills would like to buy vanadium products at a high price level. However, producers of vanadium pentoxide flake refused to drop their quotation and they tried to mainstain the market be steady . Few producers for ferrovanadium and vanadium nitride could guarantee their basic profit margin.