Vanadium Market Report August 2013

In August, due to tight supply of vanadium pentoxide and unwilling sales from those suppliers, Chinese vanadium pentoxide prices increased substantially. Meanwhile, Chinese ferrovanadium and vanadium nitride markets increased accordingly, but demand from steel mills carried no momentum, leaving most buyers of vanadium pentoxide wary of building large stockpiles of material.Asian Metal Copyright Meanwhile, Chinese ferrovanadium and vanadium nitride markets increased accordingly, but demand from steel mills carried no momentum, leaving most buyers of vanadium pentoxide wary of building large stockpiles of material.Asian Metal Copyright It is expected that in early September Chinese vanadium prices will continue to increase, but due to the relatively slack demand from downstream buyers, the Chinese vanadium market will stabilize gradually.