BEIJING (Asian Metal) 10 Jun 20 – Sichuan Desheng Group Vanadium And Titanium Co., Ltd produced about 700t of vanadium pentoxide flake 98%min in May and expect to produce about 400t in June.
“Due to the overhaul, we would reduce about 300t of vanadium pentoxide flake 98%min this month,” a source from this company said. This company released their latest long-term agreement price for June at RMB107,000/t (USD7/lb V2O5) EXW D/A 180 days this Monday, up by RMB7,000/t (USD0.46/lb V2O5) from early last week due to the tight supply situation. However, it’s still far lower than spot market prices. They are afraid downstream market couldn’t support and much cheaper international vanadium pentoxide flake 98%min resources come into China, so they didn’t follow up spot market prices in China.
Located in Sichuan, they are one of top three producers of vanadium pentoxide flake 98%min in China.
At present, mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB109,000-111,000/t (USD7.13-7.26/lb V2O5) EXW D/P, down by RMB2,000/t (USD0.13/lb V2O5) from this Monday. The mentality of most insiders remains steady and they expect that mainstream prices would stay firm in the coming week.
www.asianmetal.com
