BEIJING (Asian Metal) 26 Mar 20 – Baoti Group Baoti Special Metals Co., Ltd. prepares to buy 30t of vanadium pentoxide powder 99%min at the end of March and their target price keeps at no more than RMB125,000/t (USD8.1/lb V2O5) delivered D/A 180 days.
“We received the current prices for vanadium pentoxide powder 99%min keep at around RMB140,000/t (USD9.1/lb V2O5) delivered D/A 180 days. According to our downstream product cost estimate, we can at most accept RMB125,000/t (USD8.1/lb V2O5), or we would delay the purchase,” said the source. They would buy twice per month and they plan to buy 30t at the end of this month.
Located in Baoji, Shannxi, they are one of the major consumers for high purity vanadium pentoxide powder in China. They consumed 700t in 2019. They expect to consume 60t in March, down by 10t from February, holding 20t of stocks now.
This Wednesday, mainstream prices of Chinese vanadium pentoxide powder 99%min stand at RMB125,000-130,000/t (USD8.1-8.4/lb V2O5) delivered D/A 180 days, unchanged from last week. Though suppliers try to increase their quotation, few consumers would like to accept. The market stays in a stalemate.
www.asianmetal.com
