Date: Mar 8, 2019
BEIJING (Asian Metal) 8 Mar 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB240,000-243,000/t (USD16.57-16.78/lb V) EXW D/A 180 days, down by RMB2,000/t (USD0.14/lb V) from late last week. Most producers are producing for the signed contract and most consumers are watching the market. Insiders believe prices of this material would be steady in the coming week.
A producer in Northest China quotes at RMB245,000/t (USD16.92/lb V) EXW D/A 180 days and can sell at RMB244,000/t (USD16.85/lb V) for orders of more than 30 tons at the moment, down by RMB1,000/t (USD0.07/lb V) from late last week. “We didn’t receive any inquiries in the past week. No consumers would like to buy including overseas market,” said the source. They are producing for the signed contract now. Their last deal in spot market was made two weeks ago, when they sold 20t at RMB235,000/t (USD16.23/lb V). Considering the demand keeps quiet, he believes prices of this material would be steady in the coming week.
