Vanadium trading activity slows down

Date: Nov 12, 2018 Vanadium transaction prices are reduced slightly amid thin transaction. Vanadium-nitrogen bidding prices sit at 780000 rmb/ton by acceptance, ferrovanadium bidding prices sit at 480000 rmb/ton by acceptance and the purchasing prices for vanadium pentoxide flake sit at about 500000 rmb/ton by cash. The selling of raw materials slows down as the consumers become cautious in procurement. On the one hand, the orders are limited, so the consumers dare not stockpile high-price raw materials. On the other hand, steel mills are exhausting the inventories.

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