Date: Nov 2, 2018
BEIJING (Asian Metal) 2 Nov 18 – Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min increase to RMB520,000-523,000/t (USD34.65-34.85/lb V) Inc-VAT EXW D/A 180 days, up by RMB3,000/t (USD0.20/lb V) from last week. A producer in North China claimed that they offer vanadium pentoxide flake 98%min at RMB510,000/t (USD33.98/lb V) Inc-VAT EXW D/P at present, up by RMB2,000/t (USD0.13/lb V) from last week. “There has been nearly no deals for tight supply at the moment. Nonethelss, We received too many inquiries in past weeks, and I think prices will be firm in the coming week,” said the source. Their last deal was made this Wednesday, when they signed a 30t contract at RMB510,000/t(USD33.98/lb V), and will deliver to the client within 15 days. With an annual production capacity of 3,600t vanadium pentoxide flake, they produced 300t in September, unchanged MOM, holding no stock now.
Another producer in North China claimed that they offer vanadium pentoxide flake 98%min at RMB520,000/t (USD34.65/lb V) Inc-VAT EXW D/A 180 days at present, up by RMB5,000/t (USD0.33/lb V) from last week, and added this is the bottom price. “We are producing at full capacity now, half for Pangang Group and half for our long term clients. We received inquiries for immediate shipment every day in the past two weeks, but we can’t accept for tight supply,” said the source. Their last deal was made early last week, when they sold 20t at RMB515,000/t(USD34.32/lb V) Inc-VAT EXW D/A 180 days. He believes prices will be firm in the coming week.
