Chinese vanadium pentoxide flake market sees chaotic price increase
Date: Sep 19, 2018
BEIJING (Asian Metal) 19 Sep 18 – As Chinese vanadium pentoxide flake is in tight supply at present, small producers and traders sharply raised their quotations firstly. The vanadium pentoxide flake market saw chaotic price increase with the price difference being as high as RMB70,000/t (USD4.72/lb V). According to the overall transactions on spot market, the mainstream prices for the material that Asian Metal shared were RMB295,000-298,000/t (USD19.89-20.10/lb V) Inc-VAT EXW D/P, up by RMB10,000/t (USD0.67/lb V) from last week. It is predicted that Chinese vanadium pentoxide flake prices would keep rising in the coming week.
A producer in South China claimed that they offer RMB280,000/t (USD18.88/lb V) Inc-VAT EXW D/A six months for vanadium pentoxide flake with several producers like Pangang Group and Jianlong Group, up by RMB10,000/t (USD0.67/lb V) from last week. But they have no spot products. He noted, “We have reached an agreement with several large vanadium pentoxide flake producers that we hope to stabilize the prices for the material or keep them rising slowly. However, the market prices rose too fast, which makes me worried a lot about the future trend. We are unwilling to see a drop in the prices after a dramatic increase.” The source revealed they mainly deliver concluded orders and support regular customers now, and will hold the existing quotation firm for new orders. He predicted that Chinese vanadium pentoxide flake prices would rise further in the coming week.
