Monthly Vanadium Market Report Nov 2020
2020-12-12 20:01:45 【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 November, rebar prices moved up slightly, which brought positive influence on vanadium market though didn't make vanadium prices up immediately. As most steel mills started their winter stockpile plan, bidding volume and prices of vanadium nitride both moved up gradually this month. At the same time, vanadium pentoxide and ammonium metavanadate producers also started to increase their prices accordingly but the market didn't get out of the stalemate situation. Insiders prefer to watch the market as the market price tendency still keeps uncertain.
In international market, though inquiries increased significantly in Europe and North America, most of them came from traders. End consumers only purchase according to need and prices moved up slightly. The market demand from end consumers still kept soft in November. As the market price tendency kept uncertain, most insiders prefer to watch the market.
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In November, rebar prices moved up slightly, which brought positive influence on vanadium market though didn't make vanadium prices up immediately. As most steel mills started their winter stockpile plan, bidding volume and prices of vanadium nitride both moved up gradually this month. At the same time, vanadium pentoxide and ammonium metavanadate producers also started to increase their prices accordingly but the market didn't get out of the stalemate situation. Insiders prefer to watch the market as the market price tendency still keeps uncertain.
In international market, though inquiries increased significantly in Europe and North America, most of them came from traders. End consumers only purchase according to need and prices moved up slightly. The market demand from end consumers still kept soft in November. As the market price tendency kept uncertain, most insiders prefer to watch the market.
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