Date:Jun 22, 2018
BEIJING (Asian Metal) 22 Jun 18 – Currently, Chinese powder vanadium market sees tight supply and prices for Chinese powder vanadium 98%min jumped up to RMB212,000-215,000/t (USD15.10-15.31/lb V) Inc-VAT EXW D/P, up sharply by RMB15,000/t (USD1.07/lb V) from last week. Downstream consumers send enquiries actively, while many upstream suppliers cut output due to environmental inspection, leading to severely low operating rates and generally scarce stocks. Due to tight market supply, it is expected that prices for Chinese powder vanadium 98%min would keep high growth in the coming week.
A producer in South China said that they offer RMB215,000/t (USD15.31/lb V) Inc-VAT EXW D/P for powder vanadium 98%min now, up by RMB15,000/t (USD1.07/lb V) from last week. He said, “Yesterday, we received one enquiry from a consumer who planned to purchase 10t of powder vanadium 98%min at RMB210,000/t (USD14.96/lb V) Inc-VAT EXW D/P, while we did not accept the order. With rapid increase of prices now, we will not accept orders at prices below our offer.” The source expected that prices for Chinese powder vanadium 98%min would rise to RMB220,000/t (USD15.67/lb V) EXW D/P in the coming week.
