Vanadium Market Report November 2015
2015-12-04 18:01:57 【Print】
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The Chinese vanadium market witnessed slow buying activities and falling prices in November
. The markets for ferrovanadium and vanadium nitride were still controlled by the buyers . The downstream market showed no signs of rebounding and consumers were struggling to lower purchasing prices in order to reduce production cost . Suppliers were forced to accept price reductions to achieve deals and recoup money . At the end of month, the prices for ferrovanadium 50%min had dropped by 13 . 3%, while those for vanadium nitride had decreased by 9 . 2% . As for the vanadium pentoxide flake 98% market, it remained dim. Up to the end of November, the prices went down by RMB3,500/t (USD0.25/lb).