Monthly Vanadium Market Report Jul 2021
2021-08-12 18:07:25 【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 July, rebar prices moved up significantly and steel mills offered great support to vanadium prices rise. However, due to the sufficient supply of vanadium nitride and ferrovanadium, vanadium suppliers had to drop their prices to promote sales. The whole market saw soft attitude.
In international market, as summer holidays came, the market demand kept soft. However, as South Africa major production area couldn't export enough goods due to COVID-19, international vanadium pentoxide and ferrovanadium supply kept tight and market prices started to increase from the middle of July.
In July, rebar prices moved up significantly and steel mills offered great support to vanadium prices rise. However, due to the sufficient supply of vanadium nitride and ferrovanadium, vanadium suppliers had to drop their prices to promote sales. The whole market saw soft attitude.
In international market, as summer holidays came, the market demand kept soft. However, as South Africa major production area couldn't export enough goods due to COVID-19, international vanadium pentoxide and ferrovanadium supply kept tight and market prices started to increase from the middle of July.
