BEIJING (Asian Metal) 4 Sep 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB131,000-134,000/t (USD8.4-8.6/lb V2O5) EXW D/A 180 days, up by RMB1,000/t (USD0.1/lb V2O5) from last week. Major producers are delivering for long-term contracts now and the supply in spot market keeps tight. Insiders believe prices of vanadium pentoxide flake would stay firm in the coming week.
A producer in Liaoning claimed the current quotation for vanadium pentoxide flake 98%min stands at RMB135,000/t (USD8.7/lb V2O5) EXW D/A 180 days and can accept RMB134,000/t (USD8.6/lb V2O5) for firm bids, up by RMB1,000/t (USD0.1/lb V2O5) from last week. “Our last deal was made last Wednesday, when we sold 32t at RMB133,000/t (USD8.6/lb V2O5),” said the source. Considering bidding prices of vanadium nitride increase slightly, he believes prices of vanadium pentoxide flake would stay firm in the coming week.
With an annual production capacity of 6,000t, they produced 250t in August and expect the same volume in September, they have about 150t for inventory now.
A producer in Hubei quoted their vanaidum pentoxide flake 98%min at RMB135,000/t (USD8.7/lb V2O5) EXW D/A 180 days and can accept RMB133,000/t (USD8.6/lb V2O5) for firm bids now, up by RMB1,000/t (USD0.1/lb V2O5) from last week. “We have no inventory pressure at the moment and we are in no hurry to accept new orders. I received an inquiry for 30t this Tuesday but the buyer only wants to buy at no more than RMB130,000/t (USD8.4/lb V2O5),” said the source. They didn’t accept this order at last. Their last deal was made two weeks ago, when they sold 30t at RMB132,000/t (USD8.5/lb V2O5). He believes prices of vanadium pentoxide flake would keep firm in the coming week.
With an annual production capacity of 1,200t, they expect to produce 80t in September, the same with August, holding 20t of stocks now.
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