Monthly Vanadium Market Report Aug 2020
2020-09-13 14:38:30 【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 August, steel mills had strong intention to increase their quotations of rebar but the demand of end consumers stayed soft. The profit of most steel mills kept bad and when steel mills purchase raw materials, they putted huge dropping pressure. At the same time, more and more cheap prices of import vanadium products come into China, so prices of domestic vanadium market moved down slightly. Most insiders hold sad attitude for the market tendency.
In international market, as the summer holidays in Europe and America close and the demand expectation may increase soon, vanadium suppliers tried to increase their quotations blindly. However, few buyers accepted the strongly rebounding prices and consumers only purchased according to urgent need. International vanadium market prices stayed in a stalemate at the moment. Most insiders prefer to watch the market.
In August, steel mills had strong intention to increase their quotations of rebar but the demand of end consumers stayed soft. The profit of most steel mills kept bad and when steel mills purchase raw materials, they putted huge dropping pressure. At the same time, more and more cheap prices of import vanadium products come into China, so prices of domestic vanadium market moved down slightly. Most insiders hold sad attitude for the market tendency.
In international market, as the summer holidays in Europe and America close and the demand expectation may increase soon, vanadium suppliers tried to increase their quotations blindly. However, few buyers accepted the strongly rebounding prices and consumers only purchased according to urgent need. International vanadium market prices stayed in a stalemate at the moment. Most insiders prefer to watch the market.
