Vanadium Market Report November 2016
2017-01-09 18:10:13 【Print】
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Prices for Chinese vanadium products continued to move up early in November and tended to stabilize later in the month. Due to the continuing spot supply shortage and more stringent environmental protection inspections, plants’ operating rates increased only slightly. As a result, Chinese vanadium product prices were able to move up further in early November, before finally tending to stabilize late in the month as downstream consumers had little interest in purchasing, given the ever-increasing prices in the domestic market, with transactions limited. By the end of November, prices for Chinese ferrovanadium 50%min and vanadium nitride had gone up by about 6.6% and 6.6% respectively, while those for vanadium pentoxide flake 98%min had increased by 8.7% from late October.
Meanwhile, affected by the rising price of vanadium products in the domestic market, export prices for the material moved up further. In mid-November, orders from overseas purchasers were on the decline and the market fell into a stalemate, with Chinese vanadium product prices tending to stabilize gradually. By the end of November, export prices were stable and the market saw limited transactions.
Meanwhile, affected by the rising price of vanadium products in the domestic market, export prices for the material moved up further. In mid-November, orders from overseas purchasers were on the decline and the market fell into a stalemate, with Chinese vanadium product prices tending to stabilize gradually. By the end of November, export prices were stable and the market saw limited transactions.
