The Ferrovanadium Market Is Relatively Cheerless Due To Weak Demand The ferrovanadium market is slack due to the weak terminal demand. First of all, traders have 10-20 tons of spot goods and are unwilling to offer; secondly, more ferrovanadium factories have suspended production, with no order and inquire; finally,the sustained loss has greatly reduced the manufacturers’ enthusiasm for production. So they are cautious and take back-to-back operation.

The weekly quotation of ferrovanadium in Pangang is CNY 115,000/t by acceptance, and it is estimated that the steel bidding price will be about CNY 104,000-105,000/t. According to the feedback of some small ferrovanadium plants, in recent two days, the steel bidding price is CNY 105,000-107,000/t by acceptance. The demand is relatively slack, and the trading volume is not large.