BEIJING (Asian Metal) 6 Sep 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB131,000-134,000/t (USD8.5-8.7/lb V2O5) EXW D/A 180 days, unchanged from this Wednesday. Major producers control production to keep prices steady. Insiders believe prices of vanadium pentoxide flake would stay firm in the coming week.
A consumer in Jiangsu claimed the current quotation for vanadium pentoxide flake 98%min he received keeps around at RMB132,000/t (USD8.5/lb V2O5) EXW D/A 180 days and can buy at RMB131,000/t (USD8.5/lb V2O5) for firm bids, up by RMB1,000/t (USD0.1/lb V2O5) from early this week. “Our last deal was made this Monday, when we bought 32t at RMB130,000/t (USD8.4/lb V2O5),” said the source. As major producers reduce production, the supply in spot market keeps tight. Insiders believe prices of vanadium pentoxide flake would stay firm in the coming week.
With an annual consumption capacity of 2,500t, they consumed 170t in August and expect the same volume in September, holding 120t of stocks now.
A consumer in Hubei said the current quotation for vanaidum pentoxide flake 98%min he received stands at RMB134,000/t (USD8.7/lb V2O5) EXW D/A 180 days and can by at RMB133,000/t (USD8.6/lb V2O5) for firm bids, up by RMB1,000/t (USD0.1/lb V2O5) from early this week. “We signed contract for 30t of vanadium nitride at RMB200,000/t (USD36.3/kg V) delivered D/A 180 days and the highest price for raw material vanadium pentoxide flake 98%min we can accept keeps at RMB129,000/t (USD8.4/lb V2O5),” said the source. Their last deal was made in the middle of August, when they bought 64t of vanadium pentoxide flake 98%min at RMB130,000/t (USD8.4/lb V2O5). He believes prices of vanadium pentoxide flake would keep steady in the coming week.
With an annual consumption capacity of 1,800t, they expect to consume 130t in September, unchanged from August, holding 80t in hand at the moment.
www.asianmetal.com
