Date: Jan 31, 2018
BEIJING (Asian Metal) 31 Jan 18 – Currently, mainstream transaction prices for Chinese vanadium pentoxide flake 98%min are RMB178,000-181,000/t (USD13.01-13.23/lb V) EXW D/P, down by RMB2,000/t (USD0.15/lb V) from last week. Consumers just purchase from hand to mouth, leading to sluggish market transactions. Market participants expected that low prices for Chinese vanadium pentoxide flake 98%min would stabilize at RMB175,000/t (USD12.79/lb V) EXW D/P in the coming week and even before the Spring Festival.
A producer in North China said, “Consumers slow down entering into market for purchase, leading to slight relief of tight supply in vanadium pentoxide flake market and looseness of prices but in mainly stable state on the whole. I expect that prices for Chinese vanadium pentoxide flake 98%min would decline slightly to RMB175,000/t (USD12.79/lb V) EXW D/P and then keep stable before the Spring Festival.” Currently, their offers for vanadium pentoxide flake 98%min are RMB179,000/t (USD13.08/lb V) EXW D/P and RMB181,000/t (USD13.16/lb V) EXW D/A six months. They last sold 30t of the material at RMB183,000/t (USD13.37/t EXW D/P) early last week.
