Vanadium market status (August 2023)

According to information from a leading vanadium manufacturer, the vanadium market from July to August kept its low price due to the continued slump in Chinese real estate industry.
The real estate industry, which is a factor in China’s economic slump, has been in the slump since last year, and demand for construction steel bars, the main use of vanadium, has been sluggish. As a result, the market price of vanadium continues to be difficult to rise in general.
Furthermore, since the Chinese real estate giant Evergrande Group has recently fallen into a debt surplus of approximately 13 trillion yen, the vanadium market is expected to remain sluggish for a while.

【Market price reference】

	Vanadium Pentoxide	Ferrovanadium
April	USD8.26/lb	USD37.11/lb
August	USD6.66/lb	USD32.19/lb