www.ferroalloynet.com: This week, the turnover in the vanadium market continued to drop slightly with the price dropping by 1500-4000 CNY/T. The key reason for this price falling is that the high inventory of V2O5 flake and rigid demand from downstream. Besides, the pessimistic attitude toward the market also pulls down the market prices. As a result, the overall steel tenders for ferrovanadium and VN alloy are rare which also discourages the vanadium market. It is forecasted that the overall market may keep gloomy next as the demands don’t have any improvement and supply remains to be high.
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