BEIJING (Asian Metal) 30 Aug 19 – Jiangsu Taixin Chemical Co., Ltd. to reach full capacity for the first time from the end of this August. The consumption will increase to 4tpm from 2tpm. This company is a typical chemical grade high purity vanadium pentoxide powder consumer enterprise in domestic market.
“We just bought 4t vanadium pentoxide powder 99.6%min at RMB180,000/t (USD11.5/lb V2O5) EXW D/P this Thursday. We will reach full capacity from August 31 for the first time, which means we will buy 4tpm regularly from now on,” said the source of this company. They used to consume less than 2tpm in the past. According to Asian Metal, as prices of high purity vanadium pentoxide powder are related to micronutrient levels, there has no uniform prices. Most insiders calculate prices according to prices of vanadium pentoxide 98%min.
With an annual consumption capacity of 50tpm, they consumed 2t in August and expect to consume 4t in September, holding 4t of stocks now.
This Friday, mainstream prices for Chinese vanadium pentoxide powder 98%min stand at RMB130,000-134,000/t (USD8.4-8.7/lb V2O5) EXW D/P, unchanged from this Wednesday. Most market participants are watching the market now and insiders believe prices of vanadium pentoxide powder would stay firm in the coming week.
www.asianmetal.com
