Monthly Vanadium Market Report Mar 2021
2021-04-12 19:29:13 【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 March, rebar prices kept growing strongly, which supported made vanadium prices increase. At the same time, vanadium pentoxide flake 98%min prices moved up suddenly due to tight supply in spot market and prices of downstream vanadium products started to grow accordingly. Steel mills started their bidding together and market showed growing demand and prices. Insiders hold optimistic attitude for the market tendency.
In international market, due to soft demand from end consumers, traders chose to drop their prices to reduce their stocks. Insiders looked well for China market and started to contact Chinese buyers.
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In March, rebar prices kept growing strongly, which supported made vanadium prices increase. At the same time, vanadium pentoxide flake 98%min prices moved up suddenly due to tight supply in spot market and prices of downstream vanadium products started to grow accordingly. Steel mills started their bidding together and market showed growing demand and prices. Insiders hold optimistic attitude for the market tendency.
In international market, due to soft demand from end consumers, traders chose to drop their prices to reduce their stocks. Insiders looked well for China market and started to contact Chinese buyers.
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