BEIJING (Asian Metal) 26 Jun 19 – At present, mainstream prices for Chinese high purity vanadium pentoxide powder 99.5%min stand at RMB155,000-160,000/t (USD10.27-10.61/lb V) EXW D/A 180 days, unchanged from last week. Downstream consumers only make purchases on rigid demand and market transactions keep stable. As raw material prices stay at high levels, suppliers generally have no intention of lowering prices. Therefore, prices for Chinese high purity vanadium pentoxide powder are expected to keep unchanged in the coming week.
A producer in North China stated that their lowest price for vanadium pentoxide powder 99.5%min is RMB155,000/t (USD10.27/lb V) EXW D/A 180 days now, in line with last week. “Our transaction price is RMB155,000/t (USD/lb V) now and we will keep our price unchanged for new enquiries,” claimed the source, adding that they last sold 10t of vanadium pentoxide powder 99.5%min at RMB155,000/t (USD10.27/lb V) early this week. He learned that suppliers’ quotations for vanadium pentoxide powder 98%min keep stable at around RMB125,000/t (USD8.29/lb V) at the moment. In view of stable prices for raw material, he predicts that prices for Chinese high purity vanadium pentoxide powder would keep stable in the coming week.
With an annual production capacity of 960t, the producer expects to produce 60t in June, on a par with last month, holding regular stocks of 20t now.
A consumer in South China mentioned mainstream offers for vanadium pentoxide powder 99.5%min they receive now hover around RMB160,000/t (USD10.61/lb V) EXW D/A 180 days, in line with last week. “We haven’t made replenishment of raw material so far this month and mainly consume stocks at the moment. Quotations from suppliers have been stable in recent two weeks and are expected to keep unmoved in the coming week,” said the source, adding that they last bought 30t of vanadium pentoxide powder 99.5%min at RMB150,000/t (USD9.95/lb V) in late May.
With an annual consumption capacity of 600t, the consumer expects to use 30t in June, in line with May, holding 15t of stocks now.
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