BEIJING (Asian Metal) 21 Aug 19 – Chongyang Jingfang Vanadium Industry Co., Ltd. plans to resume production for vanadium pentoxide powder on August 25.
“We stopped to overhaul our production line early August. We will resume production this Sunday and plan to produce 50t of vanadium pentoxide powder 98%min in September,” said the General Manager of this company. They are accepting orders for September now and the current quotation for vanadium pentoxide powder 98%min keeps around at RMB140,000/t (USD9.2/lb V205) EXW D/P.
Located in Chongyang Hubei, they are one of seven large scale local producers for vanadium pentoxide 98%min. With an annual production capacity of 720t, they produced 50t in July and didn’t produce in August, holding no stock now.
Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min stand at RMB132,000-136,000/t (USD8.7-8.9/lb V205) EXW D/P, down by RMB9,000/t (USD0.6/lb V205) from last week.
www.asianmetal.com
