Date: Dec 21, 2018
BEIJING (Asian Metal) 21 Dec 18 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB300,000-303,000/t (USD20.14-20.34/lb V) Inc-VAT EXW D/A 180 days, down by RMB56,000/t (USD3.76/lb V) from late last week and with a decrease of 72.6% from the price peak in early November. As prices of downstream FeV and VN drop sharply, prices of raw material vanadium pentoxide flake are losing market support. Insiders believe prices of this material would keep plunging in the coming week.
A consumer in North China claimed that they just bought 10t vanadium pentoxide flake 98%min at RMB300,000/t (USD20.14/lb V) early this week, down by RMB50,000/t (USD3.36/lb V) from last week. “We have some FeV 50%min orders to deliver and our raw material stock is not enough. We bought vanadium pentoxide flake for urgent need and I believe prices of this material would do down below RMB250,000/t (USD16.78/lb V) in the coming week,” said the source. He added, “Current mainstream prices of FeV 50%min are around RMB250,000/t (USD72.50/kg V).”
