Date:May 4, 2018
BEIJING (Asian Metal) 4 May 18 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min hold at RMB190,000-193,000/t (USD13.86-14.08/lb V) EXW D/A 6 months, unchanged from last week. Affected by continuously dropping prices for downstream ferrovanadium and vanadium-nitrogen alloy, consumers strongly resist high quotations for vanadium pentoxide flake, and therefore market participants expect that prices for Chinese vanadium pentoxide flake would bear pressure in the coming week.
A producer in South China disclosed that the lowest selling price they can accept now for vanadium pentoxide flake 98%min is RMB190,000/t (USD13.86/lb V) EXW D/A 6 months, unchanged from last week. “We have many orders in hand which are not delivered yet. Even if we have one or two trucks of spot material available for selling, there would be a number of buyers rushing to purchase. So the current vanadium pentoxide market falls into supply shortage and we have no reason to cut our selling price,” the source said. They last sold 30t of vanadium pentoxide flake 98%min at RMB190,000/t (USD13.86/lb V) EXW D/A 6 months this Wednesday. Though prices for downstream ferrovanadium and vanadium-nitrogen alloy already dropped to below their production costs and therefore indeed impose negative effects upon prices for raw material vanadium pentoxide flake, the source still believed that prices for Chinese vanadium pentoxide flake would remain relatively stable in the coming week, a result of the fact that supply of the material is increasingly tightening.
