Date:Apr 24, 2018
BEIJING (Asian Metal) 24 Apr 18 – Depressed by biddings from steel mills and affected by prices for ferrovanadium and vanadium-nitrogen alloy, prices for raw material vanadium pentoxide flake lost support from downstream market and began picking up rationally. At present, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB190,000-193,000/t (USD13.95-14.17/lb V) EXW D/A six months, down by RMB5,000/t (USD0.37/lb V) from last week. Due to tight supply of vanadium pentoxide flake, it is expected that prices for Chinese vanadium pentoxide flake would keep stable in the coming week.
A producer in North China said that the current lowest price for vanadium pentoxide flake 98%min they can accept stabilizes at RMB190,000/t (USD13.95/lb V) EXW D/P. He said, “Our vanadium pentoxide flake has been sold out and we are producing tightly now, striving to deliver for customers on time. New customers need to wait for at least two weeks for delivery after placing orders.” The source expected that prices for Chinese vanadium pentoxide flake would keep stable in the coming week.
