Low-end deal prices appear in vanadium market

Date: Oct 30, 2018

www.ferroalloynet.com: Recently vanadium market remains high on price and the middlemen are unclear about the spot demand of downstream markets. The transaction prices of ammonium metavanadate, ferrovanadium and vanadium-nitrogen start to be on low end, so some vanadium-nitrogen suppliers decreased their offering prices slightly, from 805000 rmb/ton to 770000 rmb/ton. Vanadium-nitrogen manfuacturers told FerroAlloyNet that the steel mills mostly made demand-based purchase and held wait-and-watch attitude. But they expect the high bidding prices can stabilize the market, to aviod the low price from disordering the market.

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