In the week Chinese vanadium market keeps decreasing with the low demand from domestic and foreign buyers.
In Chinese domestic market, due to the low demand, some suppliers have to decrease the price of vanadium production, but they still concluded few deals with domestic buyers.
As for the export market, Chinese suppliers have to decrease their offers to about USD15/lb FOB China for vanadium pentoxide flake 98% and USD61-62/kg CIF Rotterdam for ferrovanadium 80% in view of the low demand from foreign buyers, but they still concluded few deals with foreign buyers, most of whom still hold wait-and-see attitudes towards the market.
If the demand could not warm up in the coming days, Chinese vanadium market will continue to go down.
No comments:
Post a Comment