BEIJING (Asian Metal) 25 Nov 19 – Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min stand at RMB97,000-101,000/t (USD6.4-6.6/lb V2O5) EXW D/P, up by RMB1,000/t (USD0.1/lb V2O5) from last week. Suppliers hold their inventory and are in no hurry to sell at low price level now. It’s hard to find cheap goods in spot market. Considering prices for vanadium pentoxide flake of major producers keep firm, insiders believe prices of vanadium pentoxide powder would also stay firm in the coming week.
A consumer in South China claimed the current price for vanadium pentoxide powder 98%min he received stands at RMB100,000/t (USD6.6/lb V2O5) EXW D/P and can buy at RMB98,000/t (USD6.4/lb V2O5) for firm bids, up by RMB2,000/t (USD0.2/lb V2O5) from last week. “Our last deal was made two weeks ago, when we bought 20t at RMB92,000/t (USD6.1/lb V2O5). As prices of downstream vanadium products rebound during the past two weeks, suppliers of vanadium pentoxide powder refuse to accept orders at low price level now,” said the source. He added, “I heard major producers all sell their vanadium pentoxide flake 98%min at RMB100,000/t (USD6.6/lb V2O5) EXW D/P 180 days now, unchanged from last week.” He believes prices of vanadium pentoxide powder would also keep firm in the coming week.
With an annual consumption of 360t, they consumed 300t in 2018 and have consumed 240t this year. They expect to consume 30t in November, unchanged from October, holding 10t of stocks now, down by 5t from late last month.
Another consumer in South China noted the lowest price for vanadium pentoxide powder 98%min he received keeps at RMB97,000/t (USD6.4/lb V2O5) EXW D/P, up by RMB1,000/t (USD0.1/lb V2O5) from last week. “As prices of vanadium pentoxide powder increased slightly during the past week, we are in no hurry to buy raw materials at the moment. We can at most accept RMB95,000/t (USD6.2/lb V2O5) but no suppliers would like to sell,” said the source. He added, “We are consuming the history inventory now. If suppliers who can sell at no more than our target price, we will buy immediately.” Their last deal was made about 10 days ago, when they bought 5t at RMB95,000/t (USD9.5/lb V2O5). He believes prices of vanadium pentoxide powder would stay in a stalemate in the coming week.
With an annual consumption capacity of 80t, they consumed 60t in 2018 and have consumed 50t this year. They expect to consume 5t in November, unchanged from October, holding 3t of stocks now, down by 2t from late last month.
www.asianmetal.com
