Vanadium Market Update (August 1, 2013)

Aug. 01, 2013 03:55AM PST

A brief overview of vanadium price developments, supply and demand and significant market movers.

Chinese vanadium pentoxide prices are rallying this week on tight spot market availability, Metal-Pages reported, with most producers unwilling to sell the metal at low prices.

Prices for 98% vanadium pentoxide rose by RMB1,000 a tonne to a range of RMB66,000 (US$10,764) to 68,000(US$11,090) a tonne.

Vanadium prices have been falling since January of this year, due to slow buying from downstream customers, Metal-Pages said, with a trough reached in mid-April.

European vanadium prices were unchanged at between $5.20 and $5.50 a pound.

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