Date:Jun 27, 2018
EIJING (Asian Metal) 27 Jun 18 – Due to the limitation of vanadium slag imports by the national industrial policy, many small vanadium pentoxide flake plants were shut down due to environmental protection storms, which led to a serious shortage of raw material supply in China’s vanadium market, causing a large area of crazy price increases for vanadium products. Up to now, mainstream prices for Chinese vanadium pentoxide flake 98%min have risen to RMB227,000-230,000/t (USD15.99-16.20/lb V) EXW D/A six month due to strong demand from consumers, up sharply by RMB20,000/t (USD1.41/lb V) from last week. Some vanadium pentoxide flake 98%min suppliers tried raising sale price to RMB240,000/t (USD16.91/lb V) EXW D/A six month and still received many enquiries from consumers who would like to make purchase. Prices for Chinese vanadium pentoxide flake are expected to keep a stable uptrend in the coming week.
A consumer in South China revealed that they purchase vanadium pentoxide flake as raw material to produce ferrovanadium and vanadium-nitrogen alloy, but their production line has been shut down due to scarce supply of raw material. He would like to purchase over 100t of vanadium pentoxide flake 98%min at RMB230,000/t (USD16.20/lb V) EXW D/A six months, but has not found suitable goods. He noted, “Now we cannot purchase vanadium pentoxide flake as producers either make exorbitant offers or have no stocks for sale. We failed to purchase the material even we offered RMB230,000/t (USD16.20/lb V) EXW D/A six months. We used up all raw material stocks but are unable to make replenishments, so I believe that prices for vanadium pentoxide flake would keep increasing due to seriously tight supply.” The source expected that prices for Chinese vanadium pentoxide flake 98%min would rise to RMB240,000/t (USD16.91/lb V) EXW D/A six months in the coming week.
