BEIJING (Asian Metal) 18 Jun 19 – Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min are RMB126,000-129,000/t (USD8.4-8.6/lb V) EXW D/P, up by RMB4,000/t (USD0.3/lb V) from last week. Considering the supply in spot market keeps tight, insiders believe prices of this material would stay firm in the coming week.
A consumer in South China claims that the current quotation for vanadium pentoxide powder 98%min he received has increased to RMB130,000/t (USD8.7/lb V) EXW D/P and can buy at RMB129,000/t (USD8.6/lb V) for firm bids, up by RMB5,000/t (USD0.3/lb V) from last week. “Nearly all vanadium pentoxide powder producers are trying to increase their quotation now. However, I don’t think prices would keep increasing as the demand from downstream didn’t grow too much,” said the source. Their last deal was made early last week, when they bought 10t at RMB124,000/t (USD8.3/lb V). He believes prices of this material would be steay in the coming week.
With an annual consumption capacity of 200t for vanadium pentoxide powder, they expect to consume 10t in June, the same volume with May, holding about 12t of inventory now.
A consumer in Northeast China said the current quotation for vanadium pentoxide powder 98%min he received keeps at around RMB128,000/t (USD8.6/lb V), up by RMB3,000/t (USD0.2/lb V) from last week. “We just bought 10t of vanadium pentoxide powder 98%min at RMB125,000/t (USD8.4/lb V) late last week. However, in this Monday, the supplier has increased by RMB3,000/t (USD0.2/lb V),” said the source. Considering the supply keeps tight, he believes prices of this material would be firm in the coming week.
With an annual consumption capacity of 400t for vanadium pentoxide powder, they expect to consume 20t in June, the same with last month, holding 15t of stock now.
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