Vanadium price forecasts for August (August 1-31, 2018)

Date: Aug 02, 2018 In the first half of July, vanadium price increase speed slowed down and the market showed a weak trend. In the middle of the month, all vanadium products rose to relatively high level. The market fell into the gridlock and the transaction volume was small. On the whole, the shortage of supply in vanadium raw materials market has not been effectively alleviated, and the proportion of enterprises resuming production is small. Some enterprises are still waiting for approval for production and those in production are unable to release full capacity. The environmental inspections are still strict in the second half of this year. At present, the inventory volume of ammonium metavanadate is small and is unable to make up the gap of demand.

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