BEIJING (Asian Metal) 14 Apr 20 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB93,000-96,000/t (USD6.12-6.31/lb V2O5) EXW D/A 180 days, the same as last week. Though prices of downstream vanadium products keep weak, major producers for vanadium pentoxide flake refuse to drop their quotation to promote sales. Insiders believe that mainstream prices of vanadium pentoxide flake would keep steady in the coming week.
A producer in in South China quotes their vanadium pentoxide flake 98%min at RMB96,000/t (USD6.31/lb V2O5) EXW D/A 180 days and could accept RMB94,500/t (USD6.15/lb V2O5) EXW D/P for firm bids, unchanged from last week. “Our last deal was made late last week, when we sold 64t at RMB94,500/t (USD6.15/lb V2O5) to one of our regular clients,” said the source. He added, “We won’t drop price to absorb new order, though most consumers ask us to do so.” He thinks that prices of downstream vanadium producers should change according to prices of raw material. He believes that mainstream prices of Chinese vanadium pentoxide flake 98%min would stay firm in the coming week.
With an annual production capacity of 12,000t, they produced about 9,000t in 2019 and produced about 2,100t so far this year. They expect to produce 700t in April, the same as March, holding about 350t of stocks now.
A consumer in Northwest China notes the current prices for vanadium pentoxide flake 98%min he received keep at around RMB94,500/t (USD6.15/lb V2O5) EXW D/P and could buy at RMB94,000/t (USD6.18/lb V2O5) for firm bids more than 30t, the same as last week. “We only make purchase according to urgent need. Our last deal was made early last week, when we bought 32t at this price level,” said the source. They are producing vanadium nitride for the signed orders. They would not consider to build stocks for raw material just to avoid the market risk. Considering few suppliers would like to drop their quotation, he believes that mainstream prices of vanadium pentoxide flake 98%min would stay steady in the coming week.
With a consumption capacity of 5,000ty, they consumed about 2,450t in 2019 and consumed about 800t so far this year. They consumed about 250t in March and expect the same volume in April, holding about 60t of stocks now.
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