Chinese vanadium pentoxide powder prices up sharply

Date: Sep 14, 2018

BEIJING (Asian Metal) 14 Sep 18 – Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min stand at RMB274,000-278,000/t (USD18.53-18.80/lb V) Inc-VAT EXW D/P, up sharply by RMB5,000/t (USD0.34/lb V) from last week. The spot supply for vanadium pentoxide powder was tight as most producers were forced to stop production affected by the environmental inspection. Prices for Chinese vanadium pentoxide powder are expected to rise rapidly in the coming week.

A producer in South China said that the lowest price for vanadium pentoxide powder 98%min they could accept is RMB275,000/t (USD18.60/lb V) at present, up by RMB5,000/t (USD0.34/lb V) from last week. He noted, “As all of our vanadium pentoxide powder were booked, we have no spot products in hand now. If buyers conclude orders now, they will have to wait at least two weeks to pick up the products. However, the operating rate is low due to the severe environmental inspection currently. So I predicted that Chinese vanadium pentoxide powder price would rise to RMB290,000/t (USD19.61/lb V) in the coming week.” He revealed that they last sold 10t of vanadium pentoxide powder 98%min at RMB270,000/t (USD18.26/lb V) early last week.

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