RE: Supply, demand31 Jul 2019 18:11
It is understood that the Panzhihua Vanadium and Titanium Trading Center and the China Vanadium Industry Forum hosted by the Panzhihua Economic Cooperation Bureau are the first this year. Why? "Since 2018, the price of vanadium has deduced the 'roller coaster' type of market, and it has fallen all the way after a record high." The relevant person in charge of the Panzhihua Vanadium and Titanium Trading Center said that with vanadium pentoxide as an example, the maximum rose to about 500,000 / ton. The minimum fell to about 90,000 / ton. Behind the sharp rise and fall of vanadium prices, many factors have been hidden, such as the impact of new rebar targets, changes in supply and demand, and the increase in the use of niobium. "The change of supply and demand pattern and price of vanadium market, as well as the status quo and trend of vanadium industry development, has become a hot topic in the industry, so we took the initiative to hold this forum."
According to the staff of Panzhihua City Vanadium and Titanium Industry Association, Panzhihua is one of the 141 mature resources identified by the state. The reserves of vanadium and titanium are ranked third and first in the world respectively, and are included in the national strategic resource innovation development pilot zone. In 2018, the total output value of vanadium and titanium industry was 3.75.2955 billion yuan, a year-on-year increase of 76.42%. Among them, the vanadium industry was 23.932.6 billion yuan, a year-on-year increase of 184.6%.
The staff said that Panzhihua is the world's largest production base of vanadium products. The forum to be held here will have a strong ability to absorb the sun. In addition to experts and scholars, it will attract nearly 100 domestic and international vanadium industries. Mining, new materials, metal materials, accessories, equipment, logistics, information, finance and other enterprises and institutions rushed to the industry "feast". As of now, the registration is still in full swing.