Date:Apr 17, 2018
BEIJING (Asian Metal) 17 Apr 18 – At present, mainstream transaction prices for Chinese vanadium pentoxide flake 98%min stand at RMB195,000-198,000/t (USD14.36-14.59/lb V) EXW D/A six months in spot market, unchanged from last week. Chinese large vanadium pentoxide flake producers kept stable sales but mainly from regular purchasing customers, while tight spot supply of vanadium pentoxide flake did not show any signs of improvements. Market participants expect that prices for Chinese vanadium pentoxide flake would keep firm in the coming week.
A consumer in South China said that the current lowest offer for vanadium pentoxide flake 98%min they received from suppliers stabilizes at RMB195,000/t (USD14.36/lb V) EXW D/P, unchanged from last week. He said, “Now vanadium pentoxide flake supply from large producers is limited, and they generally just sell goods to several regular purchasers with transaction price having risen to RMB190,000/t (USD14.00/lb V) EXW D/A six months, while this price is unavailable for purchase on spot market and spot price stands at RMB195,000/t (USD14.36/lb V) EXW at least with payment before delivery.” The source disclosed that they purchase vanadium pentoxide flake as raw material to produce vanadium-nitrogen alloy. As purchasing prices from steel mills dropped, prices for vanadium-nitrogen alloy have declined from RMB300,000/t (USD61.99/kg V) EXW D/A six months last week to RMB293,000/t (USD60.54 /kg V) EXW D/A six months now, while prices for raw material vanadium pentoxide flake did not drop, leading to sharp shrink of producers’ profit space. But due to tight supply of raw material, he expected that prices for Chinese vanadium pentoxide flake would be hard to loose in the coming week.
