Date: Feb 7, 2018
BEIJING (Asian Metal) 7 Feb 18 – With the upcoming of Spring Festival, Chinese vanadium pentoxide flake market saw decline of demand. Large plants tried to keep stable prices for vanadium pentoxide flake but with abilities not equal to their ambitions. Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB177,000-180,000/t (USD13.06-13.28/lb V) EXW D/P, down by RMB1,000/t (USD0.07/lb V) from last week. Market participants generally watch the market outlook and expect that prices for Chinese vanadium pentoxide flake would keep weakly stable in the coming week.
A producer in North China said, “Now we mainly deliver previous orders which have been arranged till late February. With the upcoming of Spring Festival, downstream consumers made few purchases and small vanadium pentoxide flake producers and traders sold goods at low prices for reducing stocks at the same time, which forced vanadium pentoxide flake prices down. I expect that prices for Chinese vanadium pentoxide flake would keep stable in the coming week.” Currently, they offer RMB179,000/t (USD13.21/lb V) EXW D/P and RMB182,000/t (USD13.43/lb V) EXW D/A six months for vanadium pentoxide flake 98%min, refusing discounts temporarily. With the upcoming of Spring Festival holiday, the company is in no hurry to accept new orders for the moment. The source predicted that prices for Chinese vanadium pentoxide flake would keep weakly stable in the coming week and would be hard to rise after the Spring Festival.
