Chinese powder vanadium pentoxide 98%min stable

Date: Nov 24, 2017

BEIJING(Asian Metal) 24 Nov 17 – Current mainstream prices for Chinese powder vanadium pentoxide 98%min stand in a range of RMB128,000-131,000/t EXW D/A 180 days, unchanged from the beginning of this week.  Because the downstream purchase became active, industry insiders predicted that next week the price would keep steady.

“We sold 40t of powder vanadium pentoxide 98%min at RMB128,000/t EXW D/A 180 days this Wednesday, unchanged from this Monday when we sold 10t of the material at the same price,” said a producer from North China, adding that because the purchases of clients turned active, they think next week the price would stay firm at current level.

The producer, with the production capacity of 2,500tpy for a powder vanadium pentoxide, plans to produce 200t in November, stable compared to October. They hold 50t in stock currently.

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