BEIJING (Asian Metal) 23 Sep 19 – Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min stand at RMB126,000-130,000/t (USD8.2-8.5/lb V2O5) EXW D/P, down by RMB1,000/t (USD0.1/lb V2O5) from last week. Consumers only make purchase according to urget need and the market keeps quiet now. Insiders believe prices of vanadium pentoxide powder would keep steady in the coming week.
A consumer in South China claimed the lowest quotation for vanadium pentoxide powder 98%min he received stands at RMB128,000/t (USD8.4/lb V2O5) EXW D/P, down by RMB1,000/t (USD0.1/lb V2O5) from last week. “I sent inquiries to several producers for 0.5t and I found all of them have big inventory now,” said the source. Their last deal was made two weeks ago, when they bought 5t at RMB134,000/t (USD8.7/lb V2O5). He added, “We just buy for urgent need at the moment and we plan to build stock after the National Day holiday.” He believes prices of vanadium pentoxide powder would stand steady in the coming week.
With an annual consumption capacity of 180t, they consumed 150t in 2018 and have consumed 90t so far this year. They consumed 10t in August and expect the same volume in September, holding 2t of stocks now, down by 8t from last month.
A trader in South China noted the lowest quotation for vanadium pentoxide powder 98%min he received keeps at RMB126,000/t (USD8.2/lb V2O5) EXW D/P now, down by RMB2,000/t (USD0.1/lb V2O5) from last week. “We plan to build stock after 7 October as the market situation is not clear at the moment,” said the source. Their last deal was made early last week, when they bought 15t at RMB128,000/t (USD8.4/lb V2O5) for urgent need. He believes prices of vanadium pentoxide powder market would stay quiet in the coming week.
With a regular trading volume of 30tpm, they slod 300t in 2018 and have sold 240t so far in 2019. They sold 30t in August and expect the same volume in August, holding no stock at the moment, down by 15t from last month.
www.asianmetal.com
