Monthly Vanadium Market Report Dec 2020
2021-01-13 08:04:57 【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 December, rebar prices kept increasing, and brought huge positive effect on vanadium market prices. Most steel mills started their winter stockpile plan, bidding volume of vanadium products increased significantly. However, as most traders hold too many stocks and they sold in spot market to get the found back as soon as possible, vanadium prices moved down again by the end of this month. Most insiders prefer to watch the market.
In international market, inquiries kept active before the New Year holidays. Due to the tight supply in spot market, vanadium prices moved up steadily and traders purchase vanadium products by large volume. Insiders hold optimistic attitude for the market tendency.
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In December, rebar prices kept increasing, and brought huge positive effect on vanadium market prices. Most steel mills started their winter stockpile plan, bidding volume of vanadium products increased significantly. However, as most traders hold too many stocks and they sold in spot market to get the found back as soon as possible, vanadium prices moved down again by the end of this month. Most insiders prefer to watch the market.
In international market, inquiries kept active before the New Year holidays. Due to the tight supply in spot market, vanadium prices moved up steadily and traders purchase vanadium products by large volume. Insiders hold optimistic attitude for the market tendency.
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