Chinese vanadium pentoxide flake market sees few sales
Date:Apr 4, 2018
BEIJING (Asian Metal) 4 Apr 18 – Now large vanadium pentoxide flake producers keep stable sales but mainly from regular purchasing customers. The spot vanadium pentoxide flake market sees tight supply and sales. The current mainstream prices for Chinese vanadium pentoxide flake 98%min have risen to RMB197,000-200,000/t (USD14.52-14.74/lb V) EXW D/A six months, up by RMB2,000/t (USD0.15/lb V) from last week. As tight supply of raw material is hard to improve in short time, it is expected that prices for Chinese vanadium pentoxide flake would keep firm in the coming week.
A producer in South China said, “Our customers are basically fixed and vanadium pentoxide flake will be sold once produced without any overstocks at all. With tight supply currently, we negotiate with downstream consumers to decide sale price referring to the market performance, and most prices concentrate at RMB190,000/t (USD14.00/lb V) EXW D/A six months now.” The source disclosed that due to tight spot supply, they execute brand new standard for offering to new customers and it is necessary to raise the price by at least RMB10,000/t (USD0.74/lb V) for expanding production; they refuse orders at prices below the bottom price. The source believed that the current tight supply of Chinese vanadium pentoxide flake restricts increase of output greatly, while demand from downstream market is expanding continuously, so he expects that prices for Chinese vanadium pentoxide flake would keep firm in the coming week.
