BEIJING (Asian Metal) 9 Apr 20 – Pangang Group Vanadium Titanium & Resources Co., Ltd. produced 3,000t of vanadium pentoxide flake 98%min in March, down by 400t from normal.
“We could produce about 3,400tpm for vanadium pentoxide flake 98%min in normal. As the market stays soft, we arranged overhaul during February and March,” said the source of this company. According to Asian Metal, Pangang Group produced 40,000t of vanadium pentoxide flake 98%min in 2019 and they produced 9,500t in total in the first quarter of 2020.
Located in Panzhihua, Sichuan, they are the larget producer for vanadium in the world.
At present, 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, unchanged from last week. Though prices of downstream vanadium products keep dropping, suppliers for vanadium pentoxide flake 98%min refuse to drop their quotation for vanadium pentoxide flake 98%min and the market stays in stalemate.
www.asianmetal.com
