BEIJING (Asian Metal) 22 Nov 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB97,000-100,000/t (USD6.4-6.6/lb V2O5) EXW D/A 180 days, unchanged from this Monday. As prices of downstream vanadium products can hardly close deal at high price level, few end consumers would like to build stocks for raw material. Insiders believe prices of vanadium pentoxide flake would edge down in the coming week.
A consumer in South China noted the current price for vanadium pentoxide flake 98%min he received stands at RMB100,000/t (USD6.6/lb V2O5) EXW D/A 180 days, unchanged from this Monday. “We increased our quotation for vanadium nitride to RMB155,000/t (USD28.7/kg V) EXW D/A 180 days but no end consumers would like to buy at more than RMB152,000/t (USD28.2/kg V). We can accept at most RMB96,000/t (USD6.3/lb V2O5) EXW D/P for raw materials,” said the source. He added, “Actually, if we want to operate in healthy, prices of vanadium pentoxide flake 98%min cann’t be above RMB92,000/t (USD6.1/lb V2O5).” Their last deal was made this Monday, when they bought 32t of vanadium pentoxide flake 98%min at RMB97,000/t (USD6.4/lb V2O5) EXW D/P. He believes prices of raw material would drop by RMB2,000/t (USD0.1/lb V2O5) in the coming week.
With an annual consumption capacity of 1,800t, they consumed 1,500t in 2018 and have consumed 1,200t so far this year. They consumed 120t in October and expect the same volume in November, holding 60t of stocks now, unchanged from last month.
A producer in North China quotes their vanadium pentoxide flake 98%min at RMB100,000/t (USD6.6/lb V2O5) EXW D/A 180 days, unchanged from this Monday. “We have no inventory pressure at the moment, because we consumed about 580t of vanadium pentoxide flake during the past month in inner for vanadium nitride production,” said the source. He added, “We have signed out about 600t of vanadium pentoxide flake 98%min so far this month. We can’t accept orders for immediate shipment now.” Their last deal was made this Monday, when they sold 64t at RMB100,000/t (USD6.6/lb V2O5). Though they can sell in normal at the moment, considering prices of downstream vanadium products can hardly increase and even drop slightly during the past week, he believes prices of vanadium pentoxide flake 98%min would drop by RMB1,000/t (USD0.1/lb V2O5) in the coming week.
With an annual production capacity of 15,000t, they produced 1,200t in October and expect the same volume in November, holding 200t of regular stocks now.
www.asianmetal.com
