Chinese consumers have difficulty in purchasing vanadium pentoxide powder
Date: Sep 28, 2018
BEIJING (Asian Metal) 28 Sep 18 – At present, Chinese vanadium products are all in short supply, especially vanadium pentoxide. Mainstream prices for Chinese vanadium pentoxide powder 98%min rose to RMB366,000-370,000/t (USD24.63-24.90/lb V) Inc-VAT EXW D/P. They were up sharply by RMB64,000/t (USD4.31/lb V) from last week which is almost twice of that last week. Most producers had no stocks, and traders all held back from selling, so the consumers had difficulty in purchasing and the market completely became the seller’s market. It is predicted that the prices for Chinese vanadium pentoxide powder would be over RMB400,000/t (USD26.92/lb V) in the coming week.
A producer in South China said that they offer RMB400,000/t (USD26.92/lb V) for vanadium pentoxide powder 98%min at present, up by RMB85,000/t (USD5.72/lb V) from last week, but they have concluded no deals at the price so far. He said, “Current supply is tight, and we are delivering concluded orders with limited spot products for supply. We could accept orders for no more than 5t of spot vanadium pentoxide powder 98%min, and have to arrange production for orders for over 5t.” They last sold 2t of the material at RMB366,000/t (USD24.63/lb V) early this week. The source predicted that prices for Chinese vanadium pentoxide powder would rise rapidly in the coming week in view of the limited stocks and little inventory pressure of suppliers.
