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    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.
    Please contact us for a subscription.
    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.Asian Metal Copyright When they purchase vanadium products, they putted little dropping pressure upon vanadium prices.Asian Metal Copyright However, due to the sufficient supply situation of vanadium nitride, prices of vanadium nitride kept dropping, which led prices of vanadium market drop accordingly.Asian Metal Copyright Insiders started to hold optimistic attitude for the market tendency.Asian Metal Copyright 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.Asian Metal Copyright However, due to the sufficient supply situation of vanadium nitride, prices of vanadium nitride kept dropping, which led prices of vanadium market drop accordingly.Asian Metal Copyright So prices of vanadium started to come into a stalemate situation from the end of this month and inquiries increased significantly.Asian Metal Copyright When they purchase vanadium products, they putted little dropping pressure upon vanadium prices.Asian Metal Copyright 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.Asian Metal Copyright .Asian Metal Copyright At the same time, inquiries from China reduced a lot and most insiders hold negative attitude.
    .Asian Metal Copyright When they purchase vanadium products, they putted little dropping pressure upon vanadium pricesAsian Metal Copyright
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