Monthly Vanadium Market Report February 2020
2020-03-12 19:45:47 【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 February, affected by the virus, vanadium suppliers refused to sell their products at low price level and market prices increased quickly. However, as the demand stayed soft, mainstream prices touched the peak and started to drop again. Most consumers were watching the market. Insiders holded ddifferent opinion for the market trend.
In domestic market, because of the virus, the logistics transportation could not work well. Consumers could hardly make purchase for their raw materials, so prices increased a lot. As the virus control relaxed in late February,, market inventory came into spot market again, mainstream prices of vanadium products dropped again. The market stayed in a stalemate.
In February, affected by the virus, vanadium suppliers refused to sell their products at low price level and market prices increased quickly. However, as the demand stayed soft, mainstream prices touched the peak and started to drop again. Most consumers were watching the market. Insiders holded ddifferent opinion for the market trend.
In domestic market, because of the virus, the logistics transportation could not work well. Consumers could hardly make purchase for their raw materials, so prices increased a lot. As the virus control relaxed in late February,, market inventory came into spot market again, mainstream prices of vanadium products dropped again. The market stayed in a stalemate.
