Monthly Vanadium Market Report May 2020
2020-06-12 22:49:56 【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 May, the situation of downstream steel mills improved. The sales volume and prices both increased significantly, which supported prices of raw material vanadium. At the same time, major suppliers of vanadium pentoxide flake refused to sell in sport market and the supply situation of raw materials stayed tight. Prices of vanadium in China kept increasing. Most suppliers are confident for the market.
However, in international market, due to the COVID-19, the demand of vanadium kept soft and prices kept dropping. Though some major suppliers try to hold the inventory to watch the market, prices still couldn't touch the bottom. Most suppliers focus on Chinese market and wait Chinese buyers entering the international market to save the overseas demand.
In May, the situation of downstream steel mills improved. The sales volume and prices both increased significantly, which supported prices of raw material vanadium. At the same time, major suppliers of vanadium pentoxide flake refused to sell in sport market and the supply situation of raw materials stayed tight. Prices of vanadium in China kept increasing. Most suppliers are confident for the market.
However, in international market, due to the COVID-19, the demand of vanadium kept soft and prices kept dropping. Though some major suppliers try to hold the inventory to watch the market, prices still couldn't touch the bottom. Most suppliers focus on Chinese market and wait Chinese buyers entering the international market to save the overseas demand.
