Monthly Vanadium Market Report Mar 2020
2020-04-12 22:21:07 【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, as the COVID-19 developped world widely, the demand of vanadium products reduced significantly. Consumers only made purchase according to urgent need and most suppliers face high sales pressure. Though some supplier tried to increase their quotation, few buyers would like to follow up. Most insiders watch the market.
In domestic market, as downstream rebar market stayed soft, few steel mills would like to buy vanadium products at a high price level. However, producers of vanadium pentoxide flake refused to drop their quotation and they tried to mainstain the market be steady. Few producers for ferrovanadium and vanadium nitride could guarantee their basic profit margin.
In March, as the COVID-19 developped world widely, the demand of vanadium products reduced significantly. Consumers only made purchase according to urgent need and most suppliers face high sales pressure. Though some supplier tried to increase their quotation, few buyers would like to follow up. Most insiders watch the market.
In domestic market, as downstream rebar market stayed soft, few steel mills would like to buy vanadium products at a high price level. However, producers of vanadium pentoxide flake refused to drop their quotation and they tried to mainstain the market be steady. Few producers for ferrovanadium and vanadium nitride could guarantee their basic profit margin.
