Vanadium transaction is quite slim

Date: Nov 15, 2018 Vanadium market maintains a small downward trend and the downstream buyers become more and more cautious. According to market sources, only few steel mills issue bids and the market sees prices but few transactions. In order to reduce the consumption of vanadium, steel mills have been doing experiments to change the process.On the one hand, it is the pressure to vanadium prices; on the other hand, steel mills want to ease the pressure from price reduction of rebar. Ferrovanadium lower offers sit at about 450000 rmb/ton by cash, while NISCO issued ferrovanadium bidding price at 480000 rmb/ton by acceptance including tender fee. On the whole, the price decline is not large, which may be underpinned by the prices of V2O5 flake.

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