Date: Sep 18, 2018
www.ferroalloynet.com: With the effect of tight supply and high spot demand, vanadium pentoxide prices keep rising. Vanadium pentoxide flake prices have risen to about 300000 rmb/ton but there is thin transaction as the supplies in the market are quite few. The large-scale manufacturers such as Liaoning Hongjing have shifter their focue to the export business when European prices are equivalent to Chiense high price of 324000 rmb/ton. Vanadium pentoxide powder is trading mainly at 300000 rmb/ton, while the offering prices have moved up to 310000 rmb/ton. Some producers want to hold their stocks, waiting for the higher price in the future. Chemical grade V2O5 powder 98% is relatively quieter and is trading at about 280000 rmb/ton.High price and short supply of vanadium pentoxide impact the consumers (the manufacturers of ferrovanadium and vanadium-nitrogen) greatly, and some of them have reduced 30% of production amid the supply shortage of raw materials.
