BEIJING (Asian Metal) 15 Jan 20 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min keep at RMB92,500-95,500/t (USD6.2-6.4/lb V2O5) EXW D/A 180 days, the same as this Monday. Consumers only make purchase according to urgent need and few of them would like to build stocks now. Considering the demand stays soft, insiders believe that prices of vanadium pentoxide flake would stay weak in the coming week.
A producer in South China quotes the current price for vanadium pentoxide flake 98%min at RMB94,000/t (USD6.3/lb V2O5) EXW D/P and they can accept RMB93,000/t (USD6.3/lb V2O5) for firm bids, the same as last week. “Our clients are leaving the market for the Spring Festival now and we would stop selling from the end of this week. Prices won’t change too much before the Spring Festival,” said the source. Their last deal was made two weeks ago, when they sold 32t at RMB93,000/t (USD6.3/lb V2O5).
With an annual production capacity of 1,000t, they produced 800t in 2019, down by 100t from 2018. They expect to produce 60t in January, down by 20t from last December, holding 60t of stocks now.
A consumer in North China noted the current price for vanadium pentoxide flake 98%min he received keep firm at RMB93,000/t (USD6.3/lb V2O5) EXW D/P, unchanged from last week. “According to the dealing price of our downstream vanadium products, we can at most accept RMB91,000/t for vanadium pentoxide flake 98%min now, or we won’t make purchase before the Spring Festival,” said the source. Their last deal was made late last week for urgent need, when they bought 30t at RMB93,000/t (USD6.3/lb V2O5). Considering most suppliers would leave the market in the coming week, he believes that the market of vanadium pentoxide flake would stay quiet.
With an annual consumption capacity of 1,800t, they consumed 1,500t in 2019, down by 150t from last year. They consumed 120t in last December and expect the same volume in this January, holding 40t of stocks now, down by 20t from last month.
www.asianmetal.com
