Monthly Vanadium Market Report Jun 2020
2020-07-12 17:51:12 【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 June, the rebar market 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 skyrocketed. Most suppliers are confident for the market. However, in the middle of this month, as traders reduce their stocks, prices show downward trend again.
In international market, due to the COVID-19, the demand of vanadium kept soft and prices stayed 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 June, the rebar market 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 skyrocketed. Most suppliers are confident for the market. However, in the middle of this month, as traders reduce their stocks, prices show downward trend again.
In international market, due to the COVID-19, the demand of vanadium kept soft and prices stayed 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.
