RE: Chinese Vanadium Production Under Pressure5 Feb 2020 11:43
In view of the above situation, at present, vanadium-nitrogen alloy enterprises are in the state of semi-stop production, and the enterprises in production are basically faced with the problem of replenishing raw materials. In addition to Pangang and ChengSteel, other ferrovanadium manufacturers have stopped production in a large scale. In terms of raw materials, V2O5 flake large plants still ship on the original price, while Yudian and Hongjing are in production suspension. Most of the resumption period is expected to be after the Lantern Festival, but due to the impact of the epidemic, the actual start-up time of the enterprise has not been determined, but most of the spot prices are rising, and the bidding price of the steel plant is also rising. It is expected that the vanadium price will still rise before the outbreak is not completely controlled and during the subsequent recovery buffer period.
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