BEIJING (Asian Metal) 4 Mar 20 – With an annual production capacity of 2,000t for vanadium pentoxide flake 98%min, Xichuan Yudian Vanadium Industry Co., Ltd. prepares to reproduce from 15 March. Before that, they have been out of production for four months.
“We planed to reproduce from early February. However, affected by the virus in China, we can’t produce. We have received the government notice now and we would reproduce from 15 March,” said the source. He received the current price for vanadium pentoxide flake 98%min stands at RMB95,000/t (USD6.31/lb V2O5) EXW D/P and they can accept RMB94,500/t (USD6.28/lb V2O5) EXW D/P for firm bids.
Located in Nanyang, they are the only one producer for vanadium pentoxide flake in Henan. They produced 1,300t of vanadium pentoxide flake 98%min in 2019, down by 500t from 2018.
Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB95,000-96,000/t (USD6.31-6.38/lb V2O5) EXW D/A 180 days, unchanged from last week.
www.asianmetal.com
