ASIAN FERRO-ALLOYS CONF: Lower demand from rebar producers, ferro-niobium ramp-up set to hit Chinese vanadium consumption in 2019

Shrinking demand from the downstream steel sector and the looming expansion of ferro-niobium capacity are likely to be headwinds to Chinese vanadium consumption, Morgan Wu, managing director of Chinese vanadium supplier Hangten Asia, said.

A reduction in infrastructure spending in China in 2019 is likely to cause the vanadium market to slow, Wu said during a panel discussion at Fastmarkets’ Asian Ferro-alloys Conference in Hong Kong on Monday March 10. Wu noted a significant difference in policies aimed at improving the Chinese economy from the country’s National People’s Congress (NPC) on March 5-15 compared with previous years. “The latest policies are about cutting tax and saving costs. There is almost no [significant] infrastructure encouragement this year,” Wu told delegates. According to unconfirmed reports from the NPC, Beijing is mulling a...

Published

Susan Zou

March 11, 2019

18:10 GMT

Hong Kong