BEIJING (Asian Metal) 6 Nov 19 – With an annual production capacity of 6,000t of vanadium pentoxide flake 98%min, Huludao Hongjing Industrial Co. LTD prepares to stop production for overhaul from early December for one month.
“Consumers only make purchase according to urgent need at the moment and we are facing high pressure to sell our products. In order to reduce the inventory level, we won’t produce in December,” said the source of this company. At the moment, they quote RMB100,000/t (USD6.6/lb V2O5) EXW D/A 180 days for vanadium pentoxide flake 98%min and can accept RMB99,000/t (USD6.5/lb V2O5) for firm bids.
Located in Huludao Liaoning, they are one of the major three producers of vanadium pentoxide flake in liaoning. They produced 150t in October, the same with September, holding 200t of stocks now.
Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stands at RMB96,000-99,000/t (USD6.4-6.5/lb V2O5) EXW D/A 180 days, down by RMB9,000/t (USD0.6/lb V2O5) from last week.
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