Date:Jun 21, 2018
EIJING (Asian Metal) 21 Jun 18 – Currently, Chinese vanadium pentoxide flake market sees strong demand and tight supply, and mainstream prices for Chinese vanadium pentoxide flake 98%min have risen to RMB207,000-210,000/t (USD14.81-15.02/lb V) EXW D/A six month, up sharply by RMB9,000/t (USD0.64/lb V) from last week. Consumers purchased raw materials actively due to sharp increase of prices for downstream vanadium products, while suppliers generally hold no stocks for sale. Prices for Chinese vanadium pentoxide flake are expected to keep firm in the coming week.
A producer in South China claimed that their quotation for vanadium pentoxide flake 98%min is RMB210,000/t (USD15.02/lb V) EXW D/A six month at present, up by RMB9,000/t (USD0.64/lb V) from last week. He noted, “We are delivering previous orders now and have on stocks for sale in June. Due to rapid increase of prices for downstream vanadium products currently, there are no difficulties in sale of vanadium pentoxide flake with tight supply of the material.” The source revealed that they sold 30t of vanadium pentoxide flake 98%min at RMB210,000/t (USD15.02/lb V) EXW D/A six month this Wednesday and this order is to be delivered in late July.
