Vanadium Prices Still Have A Small Decline Because Of Bidding Pressure

Date: Apr 02, 2019 Recently, vanadium market prices keep falling in cold trading. The market focus on steel bidding, and steel mills purchase prices also presents a downward trend. At present, the steel bidding price of vanadium nitrogen alloy has dropped to about CNY 260,000/t, and the overall steel bidding quantity has been reduced, while the stock of ferrovanadium and vanadium nitrogen alloy is under great pressure, and the low price keeps showing in bidding. Besides, most traders promote the steel bidding, resulting in falling prices in the market.

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