Monthly Vanadium Market Report Oct 2020
2020-11-12 23:10:26 【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 October, rebar prices moved up slightly and most steel mills could guarantee better profit. When they purchase vanadium products, they putted little dropping pressure upon vanadium prices. However, due to the sufficient supply situation of vanadium nitride, prices of vanadium nitride kept dropping, which led prices of vanadium market drop accordingly. Due to the thin profit, vanadium pentoxide flake 98%min producers refuse to drop their prices from the end of this month and they prefer to hold their stocks to watch the market. So prices of vanadium started to come into a stalemate situation from the end of this month and inquiries increased significantly. Insiders started to hold optimistic attitude for the market tendency.
In international market, inquiries from end consumers kept rare as the second COVID-19 came and market demand reduced again. In order to guarantee their sales volume, vanadium suppliers would like to accept a bigger discount to reduce inventory and the market mentality stayed weak. At the same time, inquiries from China reduced a lot and most insiders hold negative attitude.
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In October, rebar prices moved up slightly and most steel mills could guarantee better profit. When they purchase vanadium products, they putted little dropping pressure upon vanadium prices. However, due to the sufficient supply situation of vanadium nitride, prices of vanadium nitride kept dropping, which led prices of vanadium market drop accordingly. Due to the thin profit, vanadium pentoxide flake 98%min producers refuse to drop their prices from the end of this month and they prefer to hold their stocks to watch the market. So prices of vanadium started to come into a stalemate situation from the end of this month and inquiries increased significantly. Insiders started to hold optimistic attitude for the market tendency.
In international market, inquiries from end consumers kept rare as the second COVID-19 came and market demand reduced again. In order to guarantee their sales volume, vanadium suppliers would like to accept a bigger discount to reduce inventory and the market mentality stayed weak. At the same time, inquiries from China reduced a lot and most insiders hold negative attitude.
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