Vanadium market status (April 2023)

According to information from a major vanadium manufacturer, the vanadium market (from March to April) hasn’t recovered due to the slump in Chinese real estate industry, and the price has been stagnating.
Due to the tightened regulations, recovery of the real estate industry is delayed, that is a cause of the economic slump in China since last year.
As a result, there is a dull growth of the demand in special steel (the major use of vanadium), and it has been difficult to rise the raw material’s market price overall.

【Market price reference】

	Vanadium Pentoxide	Ferrovanadium
December	USD8.01/lb	USD33.23/lb
April	USD8.26/lb	USD37.11/lb