BEIJING (Asian Metal) 5 Jun 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB117,000-120,000/t (USD7.8-8.0/lb V) EXW D/A 180 days, unchanged from last week. Major producers unite to stabilize prices and inquiries begin to increase. Insiders believe prices of this material would stay firm in the coming week.
A consumer in South China claimes the current quotation he received stands at RMB120,000/t (USD8.0/lb V) EXW D/A 180 days, unchanged from last week. “We focus on market prices everyday but we make purchase only 4 times per year. The current quotation for vanadium pentoxide flake didn’t change in the past week. I believe prices have touched the bottom now,” said the source. Their last deal was made late April, when they bought 120t at RMB165,000/t (USD11.1/lb V). He believes prices of this material would stay firm in the coming week.
With an annual consumption capacity of 500t for vanadium pentoxide flake, the consumer consumed 40t in May and expects the same volume in June, holding 90t of inventory now.
A trader in South China claims the quotation for vanadium pentoxide flake 98%min stands at RMB120,000/t (USD8.0/lb V) EXW D/A 180 days, unchanged from last week. “We plan to build stock in near term as prices have touched the bottom. I believe prices may increase slightly, at least be firm,” said the source. They are discussing the contract now and plan to buy 30t of this material at the current quotation.
With a regular trading volume of 50tpm for vanadium pentoxide flake, they sold 50t in April and expect the same volume in June, holding no stock now.
www.asianmetal.com
