BEIJING (Asian Metal) 9 Jun 20 – Sichuan Tranvic Group Co., LTD. produced about 1,150t of vanadium pentoxide flake 98%min in May and would reduce by 1/3 in June due to the overhaul.
“Due to the overhaul in June, we would reduce the output by 1/3 in June and would mainly sell to our long-term clients with the limited goods in the coming month,” a source from this company said. They increased their quotation for vanadium pentoxide flake to RMB107,000/t (USD7.02/lb V2O5) EXW D/A 180 days this Monday, up by RMB7,000/t (USD0.46/lb V2O5) from early last week. Considering prices of downstream vanadium nitride keep increasing, he believes that long-term prices of vanadium pentoxide flake 98%min would break up RMB110,000/t (USD7.21/lb V2O5) in the coming week.
Located in Sichuan, they are one of the major top 3 producers for vanadium pentoxide flake in China. They have an annual production capacity of 20,000t and produced about 10,000t in 2019, holding no stocks now.
Currently, mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB111,000-113,000/t (USD7.28-7.41/lb V2O5) EXW D/P, up by RMB10,000/t (USD0.66/lb V2O5) from early last week.
www.asianmetal.com
