BEIJING (Asian Metal) 4 Jun 19 – Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min are RMB117,000-120,000/t (USD7.8-8.0/lb V) EXW D/P, down by RMB1,000/t (USD0.1/lb V) from last week. Consumers only make purchase according to urgent need and the market stays quiet. However, considering the quotation of major vanadium pentoxide flake producers keeps steady, insiders believe mainstream prices for vanadium pentoxide powder would also be steady in the coming week.
A consumer in South China claims the quotation for vanadium pentoxide powder 98%min he received stands high at RMB121,000/t (USD8.1/lb V) EXW D/P and can buy at RMB120,000/t (USD8.0/lb V) for firm bids, down by RMB1,000/t (USD0.1/lb V) from last week. “Vanadium pentoxide powers are mainly produced by small producers and the price gap is quite large. So we need to compare with the quotation of vanadium pentoxide flake. I heard mainstream prices are around RMB120,000/t (USD8.0/lb V),” said the source. Their last deal was made late last week, when they bought 10t at RMB120,000/t (USD8.0/lb V) for vanadium pentoxide powder 98%min. He believes prices of this material would be steady in the coming week.
With an annual consumption capacity of 200t for vanadium pentoxide powder, they consumed 10t in May and expect the same volume in June, holding 10t of stock now.
Another consumer in South China claims the quotation for vanadium pentoxide powder 98%min he received stands at around RMB130,000/t (USD8.7/lb V), down by RMB5,000/t (USD0.3/lb V) from last week. “We buy vanadium pentoxide powder 98%min as raw material to produce high purity products. Our products are vanadium battery. The current quotation for raw material is much higher than vanadium pentoxdie flake,” said the source. He added, “We can buy at no more than RMB120,000/t (USD8.0/lb V) according the current mainstream prices.” Their last deal was made early last month, when they bought 30t at RMB158,000/t (USD10.6/lb V). He believes prices of this material would keep steady in the coming week.
With an annual consumption capacity of 500t for vanadium pentoxide powder, they consumed 30t in May and expect the same volume in June, holding 30t of stock now.
www.asianmetal.com
