In the week Chinese vanadium market keeps quiet with the low demand from domestic and foreign buyers.
In Chinese domestic market, the demand for vanadium keeps low, so Chinese suppliers have to decrease their offers to RMB230,000/t for ferrovanadium 50% and RMB210,000/t for vanadium pentoxide flake 98%. Some domestic suppliers even offer RMB165,000/t VAT excluded for vanadium pentoxide powder 98%.
As for the export market, the demand also keeps inactive, but most Chinese suppliers expect foreign buyers to come back to the market and accept the price of USD16.5-17.0/lb CIF for vanadium pentoxide flake 98% and USD65-67/kg CIF for ferrovanadium 80%.
However, some foreign buyers claimed that they get offers of USD15.5-16.0/lb CIF for vanadium pentoxide flake 98%, but they have no intention of purchasing any materials, as it is still unclear for the future market and they want to watch the market now.
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