Recently the vanadium product market had seen an upward trend. On one hand, the turnover of vanadium raw materials continued to reach higher levels, with its price also exceeded producers’s expectations. On the other hand, downstream vanadium alloy companies were forced to push the market forward, which led to a continuous increse in the vabadium price.
1, Vanadium flake spots were still tight, especially the turnover of bulk cargoes continued to rising, which then facilitated the market to move higher. it was still hard to find spot goods although downstream companies tried to purchase on demands.
2, Ferrovanadium companies also continued to stimulate the market, with some assessment reaching 28,0000-28,5000 yuan/t. Producers lifted their price mainly based on the increasing material prices.
3, Vanadium nitrogen alloy companies continued to raise their assessment, partially reaching 42,0000-43,0000 yuan/t. From the purchase quantity made by steel mills, we can learned that high prices may exercise restraints on demands, and steel mills maily made purchase on demands. Now the market kept running while worring, and producers also took cautious about the subsequent market.
Conference notification: The vanadium product market has seen an rapid increase with its price skyrocketed to a new level, which reignite passions in producers. In order to create an opportunity for you to communicate and exchange opinions, we together with Jiangsu Ushine Technology decide to hold an international vanadium industry summit on July 18-20, in Taizhou Jiangsu province. We sincerely welcome you to join us!
Conference team 010-64891800, Liu Ligang 13681381349. |