Monthly Vanadium Market Report Apr 2020
2020-05-12 21:02:35 【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 April, the COVID-19 developed world widely, which restricted the port transportation. Suppliers tried to increase their quotation accordingly. However, downstream consumers only purchase according to urgent need and dealing prices follow up the quotation slowly. As the demand stayed soft, most insiders kept watching the market.
In domestic market, as prices of raw material vanadium pentoxide flake kept firm during the past month, suppliers of ferrovanadium and vanadium nitride tried to increase their quotation to reduce their losses. At the same time, most steel mills purchase as usual and the demand didn't reduce. The strong demand supports market prices keep rebounding. Insiders were optimistic for the market tendency.
In April, the COVID-19 developed world widely, which restricted the port transportation. Suppliers tried to increase their quotation accordingly. However, downstream consumers only purchase according to urgent need and dealing prices follow up the quotation slowly. As the demand stayed soft, most insiders kept watching the market.
In domestic market, as prices of raw material vanadium pentoxide flake kept firm during the past month, suppliers of ferrovanadium and vanadium nitride tried to increase their quotation to reduce their losses. At the same time, most steel mills purchase as usual and the demand didn't reduce. The strong demand supports market prices keep rebounding. Insiders were optimistic for the market tendency.
