Monthly Vanadium Market Report May 2022
2022-06-12 13:52:09 【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 May, due to the negative influence of COVID-19 control in China, rebar prices kept moving down due to the soft demand from terminal users, which didn't offer any effective support for vanadium price rise. Vanadium prices dropped quicker and quicker. 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 prices moved down accordingly. Most insiders held negative attitude.
In international vanadium market, due to the energy crisis in Europe caused by the conflict of Russia and Ukraine, a lot of steel mills reduced their vanadium consumption. Vanadium prices couldn't get effective support from terminal users and prices kept moving down. Most buyers prefer to watch the market and market mentality stay weak.
In May, due to the negative influence of COVID-19 control in China, rebar prices kept moving down due to the soft demand from terminal users, which didn't offer any effective support for vanadium price rise. Vanadium prices dropped quicker and quicker. 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 prices moved down accordingly. Most insiders held negative attitude.
In international vanadium market, due to the energy crisis in Europe caused by the conflict of Russia and Ukraine, a lot of steel mills reduced their vanadium consumption. Vanadium prices couldn't get effective support from terminal users and prices kept moving down. Most buyers prefer to watch the market and market mentality stay weak.
