BEIJING (Asian Metal) 21 Apr 20 – Currently, mainstream prices of Chinese vanadium nitride keep at RMB139,000-142,000/t (USD25.5-26.1/kg V) EXW D/A 180 days, unchanged from last week. Consumers only purchase according to urgent need and the market stays quiet now. Insiders believe that mainstream prices of vanadium nitride would stay steady in the coming week.
A consumer in North China notes the current market prices he received stand at around RMB142,000/t (USD26.1/kg V) EXW D/A 180 days, the same as last week. “We bought 80t at RMB142,000/t (USD26.1/kg V) delivered D/A 180 days on 9 April,” said the source. They prepare to buy 90t at the end of April and now they are watching the market. He believes that market prices of vanadium nitride would stay steady in the coming week.
With an annual consumption capacity of 1,100t, they consumed about 1,000t in 2019 and expect the same volume in 2020. They expect to consume 80t in April, unchanged from March, holding about 40t of regular stocks now, the same as last month.
A consumer in Northwest China notes the current market price of vanadium nitride he received stands at RMB142,000/t (USD26.1/kg V) delivered D/A 180 days, unchanged from last week. “We bought 60t of vanadium nitride at the end of March, which was 20t for RMB143,600/t (USD26.4/kg V) and 40t for RMB144,800/t (USD26.6/kg V),” said the source. They would delay for about 50 days to pay. They plan to purchase another 60t at the end of April and they are consuming the history stocks now. He believes that mainstream prices of vanadium nitride would stay firm in the coming week.
With a consumption capacity of 720tpy for vanadium nitride, they consumed about 500t in 2019 and expect the same volume in 2020. They expect to consume about 60t in April, unchanged from March. They would hold about one month’s consumption as regular inventory.
www.asianmetal.com
