Date: Dec 4, 2018
BEIJING (Asian Metal) 4 Dec 18 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB430,000-433,000/t (USD28.91-29.11/lb V) Inc-VAT EXW D/A 180 days, down by RMB50,000/t (USD3.36/lb V) from early last week. As downstream demand was weak, the inventory pressure for suppliers increased, so they successively lowered prices for more sales. Market participants predicted Chinese vanadium pentoxide flake prices would keep dropping in the coming week.
A producer in South China claimed the lowest price for vanadium pentoxide flake 98%min they can accept is RMB430,000/t (USD28.91/lb V) at present, down by RMB50,000/t (USD3.36/lb V) from early last week. He noted, “With ferrovanadium and vanadium nitride prices falling, it is difficult to sell the raw material vanadium pentoxide flake. Early this week, there was a customer who would like to purchase from us, but we refused as their target price was only RMB420,000/t (USD28.32/lb V) and our inventory was also limited.” He last sold 30t of vanadium pentoxide flake 98%min at RMB450,000/t (USD30.25/lb V) late last week. He predicted that Chinese vanadium pentoxide flake prices would keep downtrend in the coming week.
