Vanadium Weekly Review During 23 – 27 October, 2023

The transaction volume of vanadium products declined this week, with a decrease of 2,000 yuan/ton compared with last week. Vanadium-nitrogen alloy steel mills have lowered prices, and mainstream transactions fell to 134,000-136,000 yuan/ton delivery by A/P. Manufacturers’ enthusiasm for production quotations has significantly reduced. The demand for ferrovanadium is weak, and the transaction is deadlocked at 100,000-101,000/ton delivery by A/P, making it difficult for retail investors to complete transactions at high prices. All in all, because of the imbalance between supply and demand in the vanadium market, the overall transaction volume is volatile and weak.

1. Summary of Vanadium Bidding in October 2023

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