BEIJING (Asian Metal) 6 Sep 19 – Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min stand at RMB131,000-135,000/t (USD8.5-8.7/lb V2O5) EXW D/P, up by RMB1,000/t (USD0.1/lb V2O5) from last week. As the environmental protection situation is grim, the supply keeps tight. Insiders believe prices of vanadium pentoxide powder would stay firm in the coming week.
A consumer in Henan claimed the lowest price for vanadium pentoxide powder 98%min she received stand at RMB131,000/t (USD8.5/lb V2O5) EXW D/P at the moment, up by RMB1,000/t (USD0.1/lb V2O5) from last week. “Our last deal was made early last week, when we bought 10t at RMB130,000/t (USD8.4/lb V2O5),” said the source. Considering the supply keeps tight, he believes prices of vanadium pentoxide powder would stay firm in the coming week.
With an annual consumption capacity of 350t for vanadium pentoxide powder, they consumed 25t in August and expect the same volume in September, holding 15t of stocks now.
A consumer in Hunan noted the current quotation for vanadium pentoxide powder 98%min he received keeps around at RMB135,000/t (USD8.7/lb V2O5) EXW D/P and can buy at RMB133,000/t (USD8.6/lb V2O5) firm firm bids, up by RMB1,000/t (USD0.1/lb V2O5) from last week. “Our last deal was made two weeks ago, when we bought 5t at RMB132,000/t (USD8.5/lb V2O5). Prices are increasing slightly during the past two weeks as the supply keeps tight,” said the source. He believes prices of vanadium pentoxide powder would stay firm in the coming week.
With a consumption capacity of 200tpy for vanadium pentoxide powder, they except to consume 15t in September, unchanged from August. They have 10t in hand now.
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