Vanadium Market Report October 2015
2015-11-27 10:03:02 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
The Chinese vanadium market performed poorly and prices kept falling
. The steel mills reduced the consumption volume of ferrovanadium and vanadium nitride along with reducing production . Meanwhile, in order to lower production costs, end-users were struggling for reducing purchasing prices . Producers had to put the prices down to compete for deals and recoup money . At the end of month, the prices for ferrovanadium 50%min dropped by 9 . 7%, while those for vanadium nitride decreased by 13 . 2% . As for the vanadium pentoxide flake 98% market, it saw slow buying activities and falling prices . The bargaining from buyers was rather fierce and the demand decreased, so producers were forced to accept price declines to achieve deals and retain relationships with regular clients. Up to the end of September, the prices went down by RMB4,000/t (USD0.3/lb).