BEIJING (Asian Metal) 5 Jul 19 – At present, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB120,000-123,000/t (USD8.1-8.3/lb V) EXW D/A 180 days, down by RMB4,000/t (USD0.3/lb V) from last week. Due to the low prices of vanadium products from downstream steel mills’ bids, it has indirectly weakened the support for prices for raw material vanadium pentoxide flake. Market participants generally take a wait-and-see attitude towards the market outlook and expect that prices for Chinese vanadium pentoxide flake would remain stable weakly in the coming week.
A producer in North China said they mainly make deliveries of signed orders now, and don’t quote. He said, “Our orders were closed at RMB120,000/t (USD8.1/lb V) EXW D/A 180 days and we sold 900t in June.” He added, “Now the prices for traders spot materials reduce. Last week, the prices were RMB125,000/t (USD8.4/lb V), which almost decreased to RMB120,000/t (USD8.1/lb V) this week.” The source said that they can still make deliveries stably at the current price and they plan to release a new round of price next week. It’s expected that the new price would continue to stabilize at RMB120,000/t (USD8.1/lb V).
With an annual production capacity of 17,400t of vanadium pentoxide flake, the producer expects to produce 900t in July, stable MOM, holding no stocks now.
A producer in South China refuses to sell at below RMB120,000/t (USD8.1/lb V) EXW D/A 180 days for vanadium pentoxide flake 98%min, down by RMB3,000/t (USD0.2/lb V) from last week. He said, “We are now processing for Pangang and Desheng, and there is no spot material available for sale. If there is a firm order, we can complete the production and delivery within three weeks.” He said, “As the supply of raw material vanadium slag is limited, we don’t sign the orders lower than the bottom line price now.”
With an annual production capacity of 3,000t of vanadium pentoxide flake, the producer expects to produce 200t in July, stable MOM, holding no stocks now.
www.asianmetal.com
