BEIJING (Asian Metal) 9 Apr 20 – Sichuan Tranvic Group Co., LTD. produced 700t of vanadium pentoxide flake 98%min in march, down by 150t from February.
“The market demand stays soft now and most consumers ask us to drop by at least RMB6,000/t (USD0.4/lb V2O5) for vanadium pentoxide flake 98%min. We would rather reduce production than drop the price,” said the source. They quote their vanadium pentoxide flake 98%min at RMB96,000/t (USD6.3/lb V2O5) EXW D/A 180 days, unchanged from last week. Though prices of downstream vanadium products keep dropping, he believes that prices of vanadium pentoxide flake 98%min would stay firm in the coming week.
Located in Sichuan, they are one of the major top 3 producers for vanadium pentoxide flake in China. They have an annual production capacity of 12,000t, and produced10,000t in 2019. They produced about 2,400t in the first quarter of 2020.
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, unchanged from last week.
www.asianmetal.com
