Vanadium market trading difficulties and vanadium plants production at a loss

Date: Mar 21, 2019 At present, the whole vanadium product market is in a “motionless” state, a small number of steel mills into the market to buy goods, the purchase price for vanadium enterprises is not ideal, slightly down. Especially for some of ferrovanadium, vanadium nitrogen alloy processing factories, compared with the previous purchase price of raw materials of CNY 220-230,000/t, the production is totally at a loss. Retailing market transactions are less, spot are difficult to sell, whether it is downstream vanadium plant or traders are willing to wait and see. Although this week rebar prices slightly upward, the price change has little impact on the current vanadium market. Consumption of steel stock, stimulating steel demand, is conducive to promote vanadium trading.

To read full article please click here