Chinese vanadium pentoxide flake prices hold at high level
Date: Aug 9, 2018
BEIJING (Asian Metal) 9 Aug 18 – Mainstream prices for Chinese vanadium pentoxide flake 98%min in spot market stay at RMB274,000-277,000/t (USD18.57-18.77/lb V) EXW D/P at present, up by RMB2,000/t (USD0.14/lb V) from last week. The transaction price for some major producers like Pangang Group, Yunnan Desheng Steel, Tranvic Group and Chengde Jianlong Special Steel is still RMB270,000/t (USD18.29/lb V) EXW D/A six months. Consumers delayed replenishing their stocks of the raw material due to the limited transaction volume and low prices for downstream vanadium products, which relieved the tight spot supply for vanadium pentoxide flake. Market participants predicted that prices for Chinese vanadium pentoxide flake would be under adjustment in the coming week.
A consumer in North China said that they purchase vanadium pentoxide flake as the raw material for the production of vanadium-aluminum alloy, and the quotation they receive for vanadium pentoxide flake 98%min from Chengde Jianlong Special Steel is RMB270,000/t (USD18.29/lb V) EXW D/A six months Currently. Although the prices are stable, we could not get the products. If we would like to purchase spot goods, the purchasing price have to increase by RMB5,000/t (USD0.34/lb V) at least and the transaction should concluded with D/P and spot goods.” He revealed that the quotations for spot vanadium pentoxide flake from suppliers showed a downward trend as they could accept a concession of RMB2,000/t (USD0.14/lb V) at most now instead of refusing counter-offers like before. He last purchased 30t of vanadium pentoxide flake 98%min at RMB274,000/t (USD18.57/lb V) EXW D/P early this week. He predicted that Chinese vanadium prices would be weakly stable in the coming week.
