Date: Jan 31, 2019
BEIJING (Asian Metal) 31 Jan 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min increase to RMB230,000-233,000/t (USD15.86-16.06/lb V) EXW D/A 180 days, up by RMB3,000/t (USD0.21/lb V) from last week. As the Spring Festival is coming, more and more insiders left for holiday and the market keeps quiet. Insiders believe prices would be firm in the coming two weeks.
A producer in Northeast China quotes vanadium pentoxide flake 98%min at RMB235,000/t (USD16.20/lb V) at present, up by RMB5,000/t (USD0.34/lb V) from last week. “logistics companies have been out of service now. I believe prices would stop changing in the coming two weeks. For firm bids, I can at most accept a counteroffer of RMB2,000/t (USD0.14/lb V) but will deliver after the Spring Festival,” said the source. Their last deal was made in the middle of January, when they sold 30t at RMB215,000/t (USD14.82/lb V). Considering consumers are lefting for holiday, he believes the market would be quiet in the coming two weeks.
