Vanadium market sees underselling activity
Date: Nov 14, 2018
www.ferroalloynet.com: Since vanadium prices started to decline last week, some sellers of ammonium metavanadate, ferrovanadium, V2O5 powder and vanadium-nitrogen undersell for profit taking. Some traders who stockpiled at the secon round of price increase are more eager to sell and quote at lower level than the manufacturers. Some manufacturers haven’t made any deal for nearly one week. The downstream consumers are bearish about the future market and hold wait-and-see attitude. The transaction of vanadium products, especially for raw material products, is quite thin. The market is anticipated to continue dropping in the future.
