Date: Nov 20, 2018
BEIJING (Asian Metal) 20 Nov 18 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB497,000-500,000/t (USD33.14-33.34/lb V) Inc-VAT EXW D/A 180 days, down by RMB10,000/t (USD0.67/lb V) from late last week. As prices of downstream vanadium products drop, buyers are hesitant to build the raw material stock. Insiders believe prices of Chinese vanadium pentoxide flake would face huge downtrend pressure in the coming week.
A producer in North China quotes vanadium pentoxide flake 98%min at RMB500,000/t (USD33.34/lb V) at present, down by RMB10,000/t (USD0.67/lb V) from last week. “Few steel mills are bidding in the middle of November and downstream vanadium products can’t sell at good prices. Therefore, we dropped the price of raw material vanadium pentoxide flake,” said the source. Their last deal was made this Monday, when they signed a 30t contract at RMB500,000/t (USD33.34/lb V). He predicts prices of Chinese vanadium pentoxide flake would drop by RMB10,000/t (USD0.67/lb V) again in the coming week.
