Vanadium market decline slows down

Date: Dec 14, 2018 After sharp reduction of vanadium prices, vanadium market falls back to the same level as that in June. Vanadium transaction has been thin and the market has been full of wait-and-see sentiment. Whereas, exporting business still has profit room, so exporting activity picks up slightly. Vanadium-nitrogen prices are decreased sharply recently but the transaction standoff goes on. However, Tranvic, Jianlong and Desheng lower V2O5 prices to 250000 rmb/ton with tax by acceptance, leaving the profit room for ferrovanadium and vanadium-nitrogen manufacturers. Thus, both upstream and downstream markets may improve in trading activity in the future.

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