Date: Oct 26, 2018
BEIJING (Asian Metal) 26 Oct 18 – Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min increase to RMB517,000-520,000/t (USD34.45-34.65/lb V) Inc-VAT EXW D/A 180 days, up by RMB33,000/t (USD2.20/lb V) from last week. There has been nearly no deals for tight supply at the moment. Considering the demand keeps strong, it’s believed prices will edge up in the coming week.
A consumer in North China claimed that the price of vanadium pentoxide flake 98%min from his suppliers is RMB520,000/t (USD34.65/lb V) at present, up by RMB35,000/t (USD2.33/lb V) from last week. “We purchase raw material vanadium pentoxide to produce vanadium nitride, and then sell to steel mills. Our clients want to buy vanadium nitride at RMB770,000/t (USD143.92/kg V) at present. To guarantee appropriate profit, the highest price we can accept for the raw material vanadium pentoxide flake 98% is RMB520,000/t (USD34.65/lb V) now, and we can’t find enough raw material for tight supply,” said the source. Their last deal was made this Monday, when they purchased 30t vanadium pentoxide flake 98%min at RMB520,000/t (USD34.65/lb V). He believes the price will hold firm in the coming week.
