Vanadium Prices, Chart, Index and Regional Data
North America Prices Movement Q3 & Q4
Vanadium Prices in USA:
In the third and fourth quarters of 2023, the average price of vanadium in the United States was USD 9220 per metric ton. This price was reflective of market trends being driven by demand across industries that include steel production and energy storage where vanadium is a key ingredient. Factors conditioning the pricing included, but were not limited to, supply chain conditions, production costs, and global market pressures. A fairly stable price of 9220 USD/MT throughout the second half of 2023 showed that demand and supply-side factors tended to match one another for the balance of supply and demand to remain robust, allowing for a stable U.S. vanadium market during that time.
Vanadium Prices in China:
In the third and fourth quarters of 2023, vanadium prices in China averaged at 10,680 USD per metric ton. The demand from the steel industry and energy storage saw a significant rise and was the steering factor for an increase in prices about supply chain shortages and higher production costs due to the deficit. This constant pegging at 10,680 USD/MT portrays the current prevailing market during the stated period in China, whereby an increased demand and tight supply favored a superb boom in vanadium prices through the second half of 2023.
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Vanadium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Vanadium Trend, offering key insights into global Vanadium market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Vanadium demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
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