Vanadium Market Report December 2015
2016-01-12 18:40:30 【Print】
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The Chinese vanadium market witnessed slow buying activities and weak demand in December
. The downstream market showed no signs of rebounding and consumers were struggling to lower purchasing prices in order to reduce production cost . At the end of month, the prices for vanadium pentoxide flake 98%min had hit the bottom and some traders and end-users started to rebuild stocks . Meanwhile, ferrovanadium producers refused to lower prices and the market supply was a little tight . In late December, ferrovanadium 50%min had increased by 5 . 3%, while those for vanadium nitride had decreased by 3 . 4% . As for the vanadium pentoxide flake 98% market, it remained dim. Up to the end of November, the prices went down by RMB1,000/t (USD0.07/lb).