Monthly Vanadium Market Report Oct 2022
2022-11-12 16:09:29 【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 October, rebar prices moved down significantly due to the soft demand from terminal users, which brought huge dropping pressure on vanadium price. However, as major vanadium raw material producers all held back from selling and vanadium market prices moved up slightly due to the tight supply in spot market. Insiders held different views for price trend and most buyers prefer to watch the market.
In international vanadium market, steel-mills' demand kept reducing due to the energy crisis, which made European market saw negative mentality. As few suppliers would like to send their goods to European warehouse in advance, the market saw tight supply and market prices moved up slightly. Most insiders chose to watch the market and the market saw stalemate mentality.
In October, rebar prices moved down significantly due to the soft demand from terminal users, which brought huge dropping pressure on vanadium price. However, as major vanadium raw material producers all held back from selling and vanadium market prices moved up slightly due to the tight supply in spot market. Insiders held different views for price trend and most buyers prefer to watch the market.
In international vanadium market, steel-mills' demand kept reducing due to the energy crisis, which made European market saw negative mentality. As few suppliers would like to send their goods to European warehouse in advance, the market saw tight supply and market prices moved up slightly. Most insiders chose to watch the market and the market saw stalemate mentality.
