Vanadium Market Report July 2015

In July, the Chinese vanadium market performed poorly and the prices kept falling.Asian Metal Copyright By the end of July, prices for vanadium pentoxide flake 98%min had dropped by RMB5,000t USD0.Asian Metal Copyright As we entered the summer vacation, steel mills began to reduce production for maintenance, so demand for ferrovanadium 50%min and vanadium nitride decreased.Asian Metal Copyright43lb compared with early in the month.Asian Metal Copyright Meanwhile, the downstream market remained dim and consumers were in deficit, which forced them into reducing purchase prices for raw materials as much as possible.Asian Metal Copyright Prices for ferrovanadium 50%min slid by 4.Asian Metal Copyright Therefore, prices for ferrovanadium 50%min and vanadium nitride went down continuously.Asian Metal Copyright As we entered the summer vacation, steel mills began to reduce production for maintenance, so demand for ferrovanadium 50%min and vanadium nitride decreased.Asian Metal Copyright Prices for ferrovanadium 50%min slid by 4.Asian Metal Copyright6% in total over July, and those for vanadium nitride saw a decrease of 6% during the month.Asian Metal Copyright6% in total over July, and those for vanadium nitride saw a decrease of 6% during the month.Asian Metal Copyright By the end of July, prices for vanadium pentoxide flake 98%min had dropped by RMB5,000t USD0.Asian Metal Copyright From mid-July, vanadium pentoxide flake 98%min producers were forced to reduce their prices to compete for deals and recoup money due to the heavy financial pressure they were under. By the end of July, prices for vanadium pentoxide flake 98%min had dropped by RMB5,000/t (USD0.43/lb) compared with early in the month.
.Asian Metal Copyright43lb compared with early in the monthAsian Metal Copyright