Date:Jul 27, 2018
BEIJING (Asian Metal) 27 Jul 18 – With the sluggish transactions in Chinese downstream vanadium market, prices for the raw material vanadium pentoxide flake hold at high level for lack of the support from downstream market. The mainstream prices for vanadium pentoxide flake 98%min stay at RMB277,000-280,000/t (USD18.92-19.13/lb V) EXW D/A six months, down by RMB2,000/t (USD0.14/lb V) from last week. The market sees less enquiries although supply is still tight. Prices for Chinese vanadium pentoxide flake are expected to stay at high level in the coming week.
A producer in South China claimed that, the lowest price for vanadium pentoxide flake 98%min they could accept is RMB275,000/t (USD18.79/lb V) EXW D/P at present, up by RMB2,000/t (USD0.14/lb V) from last week. He said, “We sold 20t of the material at RMB275,000/t (USD18.79/lb V) EXW D/P with the delivery to be made upon payment this Wednesday. We offered RMB277,000/t (USD18.92/lb V) EXW D/P last week, at which we concluded few deals, so we made a concession of RMB2,000/t (USD0.14/lb V).” The source revealed that they mainly sell stocks in hand at present, and would refuse prices lower than RMB275,000/t (USD18.79/lb V) EXW D/P. In view of the stable vanadium prices in downstream market, he predicted that prices for Chinese vanadium pentoxide flake would be under adjustment in the coming week.
