Chinese vanadium pentoxide flake price still firm
Date:May 17, 2018
BEIJING (Asian Metal) 17 May 18 – In the current Chinese market for vanadium pentoxide flake, buyers feel not so easy to purchase the material and producers make stable sales. Mainstream transaction prices for vanadium pentoxide flake 98%min hold at RMB190,000-193,000/t (USD13.84-14.06/lb V) EXW D/A 6 months, unchanged from last week. Though prices for downstream ferrovanadium and vanadium nitride drop continuously, prices for raw material vanadium pentoxide flake do not undergo any negative influences. Insiders anticipate that prices for Chinese vanadium pentoxide flake would remain firm in the coming week.
A producer in South China sells vanadium pentoxide flake 98%min at RMB190,000/t (USD13.84/lb V) EXW D/A 6 months now, unchanged from last week. The source said, “We make stable sales now. All orders are concluded in a pre-selling mode as supply of the material falls short of demand for it. Of course, we know that prices for downstream ferrovanadium and vanadium nitride are dropping; but there are no reasons for us to cut our prices for vanadium pentoxide flake as its supply is quite tight. What we can do is to slow down its price upward process.” The source last sold 60t of vanadium pentoxide flake 98%min at RMB190,000/t (USD13.84/lb V) EXW D/A 6 months early last week, and believed that prices for Chinese vanadium pentoxide flake would remain stable in the coming week.
