BEIJING (Asian Metal) 23 Sep 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB128,000-131,000/t (USD8.4-8.6/lb V2O5) EXW D/A 180 days, unchanged from last week. Consumers refuse to buy at high price level but suppliers refuse to drop their quotation to accept orders either.Insiders believe prices of vanadium pentoxdie flake would stay firm in the coming week.
A trader in South China noted the lowest quotation for vanadium pentoxide flake 98%min he received keeps at RMB128,000/t (USD8.4/lb V2O5) EXW D/P, unchanged from last week. “We just sold 30t at RMB129,000/t (USD8.4/lb V2O5) to one of our regular clients late last week. It’s hard to find new orders at the moment as the market situation keeps in a stalemate,” said the source. He believes prices of vanadium pentoxide flake would stand steady in the coming week.
With a regular trading volume of 50tpm, they sold 500t in 2018 and have sold 350t this year. They sold 50t in August and expect 40t in September, holding 10t of stocks now, down by 20t from last month.
Another trader in South China claimed the lowest quotation for vanaidum pentoxide flake 98%min he received stands at RMB130,000/t (USD8.5/lb V2O5) EXW D/A 180 days, unchanged from last week. “Major producers refuse to drop their quotation at the moment but the highest price we can accept is only RMB125,000/t (USD8.2/lb V2O5),” said the source. They are watching the market now and waiting for prices drop. He believes prices of vanadium pentoxide flake would stay firm in the coming week. Their last deal was made two weeks ago, when they sold 32t at RMB132,000/t (USD8.6/lb V2O5).
With a regular trading volume of 80tpm, they sold 720t in 2018 and have sold 450t in 2019. They sold 64t in August and expect the same volume in September. They have no stock now, down by 30t from last month.
www.asianmetal.com
