BEIJING (Asian Metal) 11 Dec 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stay at RMB95,500-98,500/t (USD6.2-6.4/lb V2O5) EXW D/A 180 days, up by RMB500/t (USD6.2/lb V2O5) from last week. Consumers only make purchase according to urgent need and the market keeps quiet. Insiders believe that the market of vanadium pentoxide flake would stay in a stalemate in the coming week.
A trader in South China claimed the current quotation for vanadium pentoxide flake 98%min he received stands at RMB94,000/t (USD6.2/lb V2O5) EXW D/P and RMB95,500/t (USD6.3/lb V2O5) EXW D/A 180 days, up by RMB500/t (USD0.03/lb V2O5) from last week. “We bought 32t from our regular supplier at RMB94,000/t (USD6.2/lb V2O5) EXW D/P this Monday. For firm bids, we can accept RMB96,000/t (USD6.3/lb V2O5) EXW D/P now,” said the source. He added, “We have another 30t in hands now and the cost stands at RMB96,000/t (USD6.3/lb V2O5) EXW D/P.” Considering major produces of vanadium pentoxide flake refuse to drop their quotation, he believes that prices of vanadium pentoxide flake 98%min would keep steady in the coming week.
With a regular trading volume of 120tpm, they sold 1,500t in 2018 and have sold 1,450t so far this year. They expect to sell 90t in December, down by 30t from November, holding 120t of stocks now, up by 60t from last month.
A consumer in Northwest China claimed that the current price he received stands at RMB99,000/t (USD6.5/lb V2O5) EXW D/A 180 days and can buy at RMB98,500/t (USD6.5/lb V2O5) for firm bids, up by RMB500/t (USD0.03/lb V2O5) from last week. “We are lack of raw materials but we won’t consider replenishing the stock at the current price level,” said the soucre. He added, “It’s hard to close deal for vanadium nitride at more than RMB150,000/t (USD27.7/kg V) EXW D/A 180 days at the moment.” Their last deal was made at the end of November, when they bought 96t at RMB96,500/t (USD6.3/lb V2O5) EXW D/P. He believes prices of vanadium pentoxide flake 98%min would stay weak in the coming week.
With an annual consumption capacity of 4,200t, they consumed 3,000t in 2018 and have consumed 2,850t this year. They expect to consume 300t in December, the same as November, holding 150t of stocks now, down by 60t from last month.
www.asianmetal.com
