Vanadium Market Report September 2015

The Chinese vanadium market continued to be dim in September with demand showing no signs of rebounding. Steel mills reduced their consumption of ferrovanadium and vanadium nitride, as well as cutting production.Asian Metal Copyright At the end of month, the prices for ferrovanadium 50%min had dropped by 9.Asian Metal Copyright Meanwhile, in order to lower production costs, end-users were struggling to negotiate a reduction in purchase prices.Asian Metal Copyright At the end of month, the prices for ferrovanadium 50%min had dropped by 9.Asian Metal Copyright Producers had to lower prices to compete for deals and recoup money.Asian Metal Copyright3%, while those for vanadium nitride had decreased by 8.Asian Metal Copyright At the end of month, the prices for ferrovanadium 50%min had dropped by 9.Asian Metal Copyright47lb.Asian Metal Copyright3%, while those for vanadium nitride had decreased by 8.Asian Metal Copyright As for the vanadium pentoxide flake 98% market, it saw scant buying activity and falling prices.Asian Metal Copyright5%.Asian Metal Copyright By the end of September, the prices had moved down by RMB6,000t USD0.Asian Metal Copyright As for the vanadium pentoxide flake 98% market, it saw scant buying activity and falling prices.Asian Metal Copyright Meanwhile, in order to lower production costs, end-users were struggling to negotiate a reduction in purchase prices.Asian Metal Copyright The bargaining from buyers was rather fierce and demand decreased, so producers were forced to accept price reductions to secure deals and maintain relationships with regular clients. By the end of September, the prices had moved down by RMB6,000/t (USD0.47/lb).