Chinese Vanadium Pentoxide Powder Market Keeps In Quiet
BEIJING (Asian Metal) 13 Dec 19 – Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min stay at RMB93,000-97,000/t (USD6.1-6.4/lb V2O5) EXW D/P, up by RMB1,000/t (USD0.1/lb V2O5) from last week. Consumers only make purchase according to urgent need and the market keeps quiet. Though some producers try to increase their quotation, few buyers would accept. Insiders believe that the market of vanadium pentoxide powder would stay in a stalemate in the coming week.
A producer in South China quotes their bottom price for vanadium pentoxide powder 98%min at RMB95,000/t (USD6.3/lb V2O5) EXW D/P, up by RMB1,000/t (USD0.1/lb V2O5) from last week. “Inquiries for 98%min are rare to see at the moment but we just sold out 10t of 99%min at RMB110,000/t (USD7.2/lb V2O5) this Monday. The cost from 98%min to 99%min is exactly the same as RMB15,000/t (USD1.0/lb V2O5),” said the source. He added, “We are in no hurry to sell our products now as we have no inventory pressure.” He believes that prices of vanadium pentoxide powder 98%min would keep weak in the coming week.
With an annual production capacity of 500t, they produced 30t in November and expect the same volume in December, holding 10t of stocks now.
A consumer in South China claimed the current price for vanadium pentoxide powder 98%min he heceived stands at RMB97,000/t (USD6.4/lb V2O5) EXW D/P, up by RMB2,000/t (USD0.1/lb V2O5) from last week. “We need to buy 30t but we are in no hurry for the purchase at the moment. Our target price stays at no more than RMB90,000/t (USD5.9/lb V2O5). If no suppliers would like to accept, we would delay the purchase to the end of this Month,” said the source. He added, “We also need 10t of vanadium pentoxide 99%min and our target price keeps at RMB112,000/t (USD7.4/lb V2O5). However, suppliers increased to RMB120,000/t (USD7.8/lb V2O5) now.” Their last deal was made one month ago, when they bought 15t of vanadium pentoxide powder 98%min at RMB90,000/t (USD5.9/lb V2O5). He believes that prices of this material would stay weak in the coming week.
With an annual consumption capacity of 400t, they consumed 360t in 2018 and have consumed 300t so far this year. They expect to consume 30t in December, up by 10t from November, holding 20t of stocks now, the same with last month.
www.asianmetal.com
