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A few days ago, Pancheng Vanadium rose its ferro vanadium price ex-factory to stimulate the current weak vanadium market. But it did not show any fluctuations in price. The amount of inquiry is still at a disadvantage. Market continues to remain in weak consolidation. In the current market, the biggest problem in ferro vanadium market is huge amount of inventory. According to a manufacturer in Hubei, the current inventory is 100 tons and they do not intend to sell based on cost. Manufacurers' profits will be shrinked if they sell at this low price. Thus, huge stock of ferro vanadium limits the price. Meanwhile, the downstream demand is difficult to be good and oversupply ferro vanadium market situation can hardly to be changed in a short time.
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