Vanadium Market Report October 2015

The Chinese vanadium market performed poorly and prices kept falling.Asian Metal Copyright At the end of month, the prices for ferrovanadium 50%min dropped by 9.Asian Metal Copyright The steel mills reduced the consumption volume of ferrovanadium and vanadium nitride along with reducing production.Asian Metal Copyright At the end of month, the prices for ferrovanadium 50%min dropped by 9.Asian Metal Copyright Meanwhile, in order to lower production costs, end-users were struggling for reducing purchasing prices.Asian Metal Copyright7%, while those for vanadium nitride decreased by 13.Asian Metal Copyright Producers had to put the prices down to compete for deals and recoup money.Asian Metal Copyright Up to the end of September, the prices went down by RMB4,000t USD0.Asian Metal Copyright At the end of month, the prices for ferrovanadium 50%min dropped by 9.Asian Metal CopyrightThe Chinese vanadium market performed poorly and prices kept falling.Asian Metal Copyright7%, while those for vanadium nitride decreased by 13.Asian Metal Copyright Producers had to put the prices down to compete for deals and recoup money.Asian Metal Copyright2%.Asian Metal Copyright7%, while those for vanadium nitride decreased by 13.Asian Metal Copyright As for the vanadium pentoxide flake 98% market, it saw slow buying activities and falling prices.Asian Metal Copyright Meanwhile, in order to lower production costs, end-users were struggling for reducing purchasing prices.Asian Metal Copyright The bargaining from buyers was rather fierce and the demand decreased, so producers were forced to accept price declines to achieve deals and retain relationships with regular clients. Up to the end of September, the prices went down by RMB4,000/t (USD0.3/lb).
.Asian Metal Copyright Producers had to put the prices down to compete for deals and recoup moneyAsian Metal Copyright