Date: Mar 20, 2019
BEIJING (Asian Metal) 20 Mar 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB217,000-220,000/t (USD14.96-15.17/lb V) EXW D/A 180 days, down by RMB15,000/t (USD1.03/lb V) from last week. As prices of downstream ferrovanadium and vanadium nitride keep dropping, prices of raw material vanadium pentoxide flake are loosing market support. Insiders believe prices of this material would keep dropping in the coming week.
A producer in Northeast China quotes vanadium pentoxide flake 98%min at RMB220,000/t (USD15.17/lb V) and no discount at the moment, down by RMB15,000/t (USD1.03/lb V) from late last week. “Few steel mills are bidding for vanadium products at the moment. The new standard of rebar hasn’t been strictly enforced yet,” said the source. He believes prices of raw material vanadium pentoxide would continue dropping in the coming week. Their last deal was made early this week, when they sold 30t at RMB220,000/t (USD15.17/lb V).
