BEIJING (Asian Metal) 8 Apr 20 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB93,000-96,000/t (USD6.1-6.3/lb V2O5) EXW D/A 180 days, the same as last week. Producers refuse to drop their quotation to absorb orders no matter how prices of downstream vanadium products drop. Insiders believe that prices of Chinese vanadium pentoxide flake 98%min would keep weak in the coming week.
A producer in North China quotes their vanadium pentoxide flake 98%min at RMB94,500/t (USD6.2/lb V2O5) EXW D/P and they could accept RMB94,000/t (USD6.1/lb V2O5) for firm bids more than 30t, unchanged from last week. “Our last deal was made late last week, when we sold 64t at RMB94,000/t (USD6.1/lb V2O5),” said the source. He added, “I learnt some suppliers for vanadium nitride closed deals at RMB142,000/t (USD26/kg V), which means prices of raw material vanadium pentoxide flake 98%min should drop to RMB90,000/t (USD5.8/lb V2O5).” We won’t accept any orders below our bottom price. I believe that prices of downstream vanadium products should change according to prices of vanadium pentoxide flake. He predicts that prices of vanadium pentoxide flake 98%min would stay steady in the coming week.
With an annual production capacity of 6,000t, they produced 150t in March and expect 180t in April, holding 30t of stocks now.
Another producer in North China quotes their vanadium pentoxide flake 98%min at RMB93,000/t (USD6.1/lb V2O5) EXW D/P and they won’t accept any discount for firm bids, the same as last week. “We resumed production from the middle of March and we are producing for the signed orders now. We are in no hurry to accept new orders at the moment,” said the source. Their last deal was made late last week, when they sold 32t at RMB93,000/t (USD6.1/lb V2O5). Though prices of downstream vanadium nitride stay below the cost for about RMB5,000/t (USD0.3/lb V2O5), he believes that prices of vanadium pentoxide flake 98%min would keep firm in the coming week.
With a production capacity of 2,000tpy, they produced about 100t in March and expect 150t in April, holding about 50t of regular stocks at the moment.
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