BEIJING (Asian Metal) 31 May 19 – Yunnan Huayun Zhuyu Vanadium Co., Ltd. plans to resume vanadium pentoxide flake production at the end of 2019, a source from the company revealed to Asian Metal. The company has an annual production capacity of 4,000t of vanadium pentoxide flake, but so far has been out of production for nearly four years.
“The raw material we used in our production was vanadium scrap produced by Kunming Iron and Steel Group Co., Ltd. But we have been out of production since October 2015 as a result of supply shortage in raw material. Thanks to negotiations between related stakeholders, we plan to resume vanadium pentoxide flake production at the end of 2019,” the source said.
Locate in Hongta district, Yuxi city, Yunnan province, the company is a joint venture between Yunnan Hua Yun Industrial Group and Chengdu Zhuyu Vanadium and Titanium Technology Co., Ltd.
Currently in China, mainstream prices for vanadium pentoxide flake 98%min stay at RMB117,000-120,000/t (USD16,954-17,389/t) EXW D/A 180 days, unchanged from early this week. As there are not many steel mills inviting bids for vanadium products, downstream demand for vanadium pentoxide flake is not strong enough to drive its prices up. Insiders believe that vanadium pentoxide flake prices in China would remain relatively stable in the coming week.
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