BEIJING (Asian Metal) 9 Oct 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB129,000-132,000/t (USD8.4-8.6/lb V2O5) EXW D/A 180 days, up by RMB1,000/t (USD0.1/lb V2O5) from two weeks ago. Major producers are producing for the signed contracts now and the supply in spot market keeps tight. Insiders believe prices of vanadium pentoxide flake would stay firm in the coming week.
A producer in North China quotes their vanadium pentoxide flake 98%min at RMB131,000/t (USD8.5/lb V2O5) EXW D/A 180 days at the moment, up by RMB1,000/t (USD0.1/lb V2O5) from two weeks ago. “We cann’t accept orders for immediate shipment in October and we are selling November products now,” said the source. Their last deal was made two weeks ago, when they sold 30t at RMB130,000/t (USD8.4/lb V2O5). Considering the supply keeps tight, he believes prices of vanadium pentoxide flake 98%min would increase to RMB132,000/t (USD8.6/lb V2O5) in the coming week.
With an annual production capacity of 2,000t, they produced 150t in September and expect 120t in October for National Day holiday, holding no stock now.
Another producer in North China noted their vanadium pentoxide flake 98%min keeps at RMB132,000/t (USD8.6/lb V2O5) EXW D/A 180 days in spot market, up by RMB2,000/t (USD0.1/lb V2O5) from two weeks ago. “We are producing for the signed contracts now and our last deal was made at the end of September, when we sold 32t at RMB130,000/t (USD8.4/lb V2O5),” said the source. Considering the supply in spot market stays tight, he believes prices of vanadium pentoxide flake 98%min would move up by RMB1,000/t (USD0.1/lb V2O5) in the coming week.
With an annual production capacity of 10,000t, they produced 800t in September and expect the same volume in October, holding 200t of stocks now.
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