BEIJING (Asian Metal) 29 Aug 19 – ThyssenKrupp Materials Trading Tianjin Co., Ltd. will start to import vanadium pentoxide flake 98%min from Brazil to China from March 2020, which will increase the supply volume by 200tpm to Chinese tight market.
“As domestic prices are higher than international market and the supply keeps tight in spot market for long time, our Brazilian vanadium pentoxide flake supplier plans to supply 200tpm to China from their global supply, which will start from next March,” said the source. According to Asian Metal, current prices of vanadium pentoxide flake are the highest in the global market. It’s about RMB20,000/t (USD1.3/lb V2O5) higher than European market now.
When Brazilian resources come into China market for the first time, ThyssenKrupp Materials Trading Tianjin Co., Ltd. will undertakes the main downstream market development task. They are trying to negotiate long-term supply agreements with potential buyers now.
Currently, mainstream prices of European vanadium pentoxide flake 98%min stand at USD6.9-7.2/lb V205 in warehouse Rotterdam D/A 30 days, up by USD0.1/lb V205; mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB130,000-133,000/t (USD8.4-8.6/lb V2O5) EXW D/A 180 days, unchanged from last week.
www.asianmetal.com
