Vanadium Market Report February 2015
2015-03-16 09:49:27 【Print】
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In February, Chinese vanadium market remained in poor performance
. In the first half of the month, a few buyers made purchases in advance so the market became warmer with slightly rebounded demand . However, in order to withdraw money and clear stocks before the Spring Festival, producers reduced their prices to stimulate sales, leading to the sliding vanadium prices again . In the second half of the month, market participants were still away from the market and enjoyed the holiday . Only few insiders backed to the market at the end of February, and most of them watched the market and delayed making deals . Chinese vanadium market was quiet with few deals concluded . As for the Chinese vanadium export market, some exporters were anxious to reduce inventories and lowered the prices under the aggressive negotiation from buyers . The market saw fierce competition and sliding prices.