Date: Nov 23, 2017
BEIJING (Asian Metal) 23 Nov 17 – Current mainstream prices for Chinese flake vanadium pentoxide 98%mins stand in a range of RMB130,000-133,000/t EXW D/A 180 days, unchanged from the beginning of this week. Holding increasing stocks in hand, producers stopped raising the price further. Industry insiders forecasted that price would keep stable in the coming week.
“This Wednesday, we quoted RMB135,000/t EXW D/A 180 days for flake vanadium pentoxide 98%mins, and refused prices lower than RMB130,000/t EXW D/A 180 days, unchanged from this Monday. Our stock of the material increased, so we did not move up the price further this week to improve sales,” said a producer from Sichuan, who sold 10t of the material at RMB130,000/t EXW D/A 180 days last Friday. The producer believed that the price would stay stable at current level next week.
The producer, with the production capacity of 600tpy for flake vanadium pentoxide, plans to produce 60t in November, unchanged from October. They hold around 20t in stocks at present.
