BEIJING (Asian Metal) 28 May 19 – Located in Liaoning, China, Zhongchu Titanium Industry (Fuxin) Co., Ltd. expects to see the output of vanadium pentoxide flake in early October with a production capacity of 8,000tpy, a source from the company revealed to Asian Metal.
“Given the large volume of vanadium titano-magnetite in Fuxin, We will rely on these raw materials to produce vanadium pentoxide flake. We are actively preparing the production, and expect to see the first batch of output in early October,” the source claimed.
After it is put into production, the company will be another large producer of vanadium pentoxide flake besides Pansteel, Chuanwei, HBIS Chengsteel, Chengde Jianlong and Desheng. It will enlarge the supply and bring huge effect on the Chinese vanadium pentoxide flake market.
Currently, prevailing prices for vanadium pentoxide flake 98%min stand at RMB117,000-120,000/t (USD16,963-17,398/t) EXW D/A 180 days in Chinese market, a decrease of RMB5,000/t (USD725/t) from last week. As major producers unit to firm the price, it shows a stable trend. However, weighed by slow transactions of downstream vanadium products, the price of vanadium pentoxide flake would stabilize weakly in the coming week.
www.asianmetal.com
