Monthly Vanadium Market Report Jul 2022
2022-08-12 21:15:49 【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 July, Chinese rebar market came into the traditional demand-off season, and market prices moved down a lot, which couldn't offer any effective support for vanadium price rise. At the same time, most steel mills reduced their vanadium consumption. Due to lack of demand from terminal users, Chinese vanadium suppliers chose to drop their prices to promote sales and the market mentality kept negative during this month.
In international vanadium market, due to the traditional Summer Holidays, market demand stayed soft and the market mentality went negative accordingly. Some suppliers chose to drop their prices to clear inventories and market prices kept moving down. Most insiders preferred to watch the market.
In July, Chinese rebar market came into the traditional demand-off season, and market prices moved down a lot, which couldn't offer any effective support for vanadium price rise. At the same time, most steel mills reduced their vanadium consumption. Due to lack of demand from terminal users, Chinese vanadium suppliers chose to drop their prices to promote sales and the market mentality kept negative during this month.
In international vanadium market, due to the traditional Summer Holidays, market demand stayed soft and the market mentality went negative accordingly. Some suppliers chose to drop their prices to clear inventories and market prices kept moving down. Most insiders preferred to watch the market.
