Monthly Vanadium Market Report Apr 2022
2022-05-12 16:13:14 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
In April, affected by the negative influence of COVID-19 in China, rebar prices moved down a lot due to the soft demand from terminal users and didn't offer effective support for vanadium price. As vanadium alloy market inventory stayed at a much high level, suppliers had to drop their prices to promote sales and vanadium raw material market mentality stayed weak accordingly. Most insiders held watching attitude for the market tendency.
In international vanadium market, due to the energy crisis caused by the conflict between Russia and Ukraine, European steel mills reduced their ferrovanadium 80%min consumption and market inquires stayed rare. At the same time, as the sanctions against Russia loosened, traders started to drop their prices to promote sales. Vanadium prices kept moving down and market mentality stayed negative. Most buyers preferred to delay purchase. Inquires kept rare.
In April, affected by the negative influence of COVID-19 in China, rebar prices moved down a lot due to the soft demand from terminal users and didn't offer effective support for vanadium price. As vanadium alloy market inventory stayed at a much high level, suppliers had to drop their prices to promote sales and vanadium raw material market mentality stayed weak accordingly. Most insiders held watching attitude for the market tendency.
In international vanadium market, due to the energy crisis caused by the conflict between Russia and Ukraine, European steel mills reduced their ferrovanadium 80%min consumption and market inquires stayed rare. At the same time, as the sanctions against Russia loosened, traders started to drop their prices to promote sales. Vanadium prices kept moving down and market mentality stayed negative. Most buyers preferred to delay purchase. Inquires kept rare.
