BEIJING (Asian Metal) 22 Apr 20 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stay firm at RMB94,000-96,000/t (USD6.1-6.3/lb V2O5) EXW D/A 180 days, unchanged from last week. Most suppliers hold their inventory and refuse to drop their quotation to promote sales. Insiders believe that mainstream prices of vanadium pentoxide flake would stay in a stalemate in the coming week.

A consumer in Northwest China notes the current market prices for vanadium pentoxide flake 98%min he received stands at RMB94,500/t (USD6.2/lb V2O5) EXW D/P and their supplier won’t accept any discount, the same as last week. “Our supplier refuse to drop their quotation to attract orders. We would rather consume the history inventory and would only buy according to urgent need,” said the source. Their last deal was made two weeks ago, when they bought 32t at RMB93,000/t (USD6.1/lb V2O5) EXW D/P. Their target price stays at RMB92,000/t (USD6.0/lb V2O5) EXW D/P now but few suppliers would like to accept. He believes that mainstream prices of vanadium pentoxide flake 98%min would keep steady in the coming week.

With an annual consumption capacity of 2,560t, they consumed about 1,800t in 2019. They just resumed production from the middle of March and consumed about 20t in March and expect 60t in April, holding about 20t of stocks now, unchanged from last month.

A trader in South China quotes their vanadium pentoxide flake 98%min at RMB94,000/t (USD6.1/lb V2O5) EXW D/P and could accept RMB93,000/t (USD6.1/lb V2O5) for immediate payment, the same as last week. “We sold 32t at RMB94,000/t (USD6.1/lb V2O5) two weeks ago and inquiries are rare to see at the moment,” said the source. The current price for ferrovanadium 50%min he received stands at RMB96,000/t (USD27.1/kg V) delivered D/A 180 days and vanadium nitride at RMB142,000/t (USD26.0/kg V) delivered D/A 180 days, both unchanged from last week. He believes that mainstream prices of vanadium pentoxide flake 98%min would keep steady in the coming week.

With a regular trading volume of 60tpm, they sold about 600t in 2019 and sold about 180t in the first quarter this year. They expect to sell 64t in April, the same as last month. Holding about 32t of stocks now, down by 32t from last month.

www.asianmetal.com