Date: Mar 27, 2018
BEIJING (Asian Metal) 27 Mar 18 – At present, tight supply of raw material vanadium pentoxide flake do not show any signs of improvements and large vanadium pentoxide flake producing enterprises sell goods stably with the prices at least at over RMB188,000/t (USD13.87/lb V) EXW D/A six months, but it is generally hard for downstream small and medium consumers to purchase spot materials at this price. Mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB195,000-198,000/t (USD14.38-14.61/lb V) EXW D/A six months, up by RMB3,000/t (USD0.22/lb V) from last week. Market participants expect that prices for Chinese vanadium pentoxide flake would keep stable uptrend in the coming week promoted by tight supply of raw material.
A producer in South China said, “Spot resources of vanadium pentoxide flake are mainly controlled by large plants like Pangang and Chenggang, while small and medium enterprises hold not many stocks for sale. The raw material end of vanadium products is firmly controlled, while downstream demand is increasing constinuously, so prices for vanadium pentoxide flake would keep continuous uptrend in the long run. I expect that prices for Chinese vanadium pentoxide flake 98%min would exceed RMB200,000/t (USD14.75/lb V) EXW D/A six months in the coming week.” They offer RMB192,000/t (USD14.16/lb V) EXW D/P and RMB195,000/t (USD14.38/lb V) EXW D/A six months for vanadium pentoxide flake 98%min now. Due to tight spot supply, they are in no hurry to accept new orders for the moment and refuse discounts. They last sold 30t of vanadium pentoxide flake 98%min at RMB189,000/t (USD13.94/lb V) EXW D/P last Wednesday.
