Aohan Xinsheng Delays To Purchase Vanadium Pentoxide Powder

BEIJING (Asian Metal) 24 Sep 19 – Affect by the National Day parade, the ministry of transport prohibited the transportation of hazardous chemicals, so Aohan Xinsheng Metal Co., Ltd. delayed to buy vanadium pentoxide powder until after 7 October.

“Logistics industry prohibited the transportation of vanadium pentoxide powder. So we cancelled the purchase at the end of September and we plan to buy after the National Day holiday,” said the source. They are a typical V-Al alloy production enterprise. The current quotation for vanadium pentoxide powder 98%min he received keeps at RMB133,000/t (USD8.6/lb V2O5) EXW D/A 180 days and can buy at RMB132,000/t (USD8.6/lb V2O5). He believes prices of vanadium pentoxide powder would keep steady in the coming week.

Located in Chifeng Inner Mongolia, with an annual consumption capacity of 240tpm, they consumed 10t in August and expect the same volume in September. They consumed 120t in 2018 and have consumed 90t this year. They have 5t for inventory now, unchanged from las month.

This Tuesday, mainstream prices for Chinese vanadium pentoxide powder 98%min stand at RMB126,000-130,000/t (USD8.2-8.4/lb V2O5) EXW D/P, unchanged from this Monday.