Date: Nov 7, 2018
BEIJING (Asian Metal) 7 Nov 18 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB520,000-523,000/t (USD34.79-34.99/lb V) Inc-VAT EXW D/A six months, unchanged from late last week. As downstream vanadium products prices dropped, vanadium pentoxide flake suppliers were more willing to sell, so the tight supply in the market eased slightly. Market participants predicted that Chinese vanadium pentoxide flake prices would be under adjustment in the coming week.
A consumer in North China claimed the offer they receive for vanadium pentoxide flake 98%min is RMB510,000/t (USD34.12/lb V) Inc-VAT EXW D/P at present, unchanged from last week. He said, “We purchase vanadium pentoxide flake as the raw material to produce ferrovanadium. But as it is difficult to conclude deals for ferrovanadium at high prices, the raw material vanadium pentoxide flake prices cannot rise further.” He last purchased 30t of vanadium pentoxide flake 98%min at RMB505,000/t (USD33.79/lb V) Inc-VAT EXW D/P two weeks ago. He predicted that Chinese vanadium pentoxide flake prices would be under adjustment in the coming week.
