BEIJING (Asian Metal) 14 May 20 – Currently, mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB94,500-96,000/t (USD6.2-6.3/lb V2O5) EXW D/A 180 days, up by RMB500/t (USD0.03/lb V2O5) from last week. Most major producers prefer to hold their stocks and few suppliers sell in spot market now. Insiders believe that market prices would stay firm in the coming week.

A consumer in South China notes the current price for vanadium pentoxide flake 98%min he received from major supplier stands firm at RMB96,000/t (USD6.3/lb V2O5) EXW D/A 180 days, unchanged from last week. “Some small suppliers quote at RMB94,500/t (USD6.2/lb V2O5) EXW D/P to me but need to wait for half a month. It’s really hard to find resources in spot market now,” said the source. They would like to accept this price level, which is about RMB500/t (USD0.03/lb V2O5) higher than last week. They would like to buy 32t for immediate shipment and are looking for suppliers now. He believes that mainstream prices of vanadium pentoxide flake 98%min would stay firm in the coming week.

With an annual consumption capacity of 2,000t, they consumed about 1,300t in 2019 and consumed about 300t so far this year. They expect to consume 50t in May, down by 30t from April, holding no stocks now.

A consumer in North China notes the current price for vanadium pentoxide flake 98%min he received stands at RMB94,500/t (USD6.2/lb V2O5) EXW D/P, up by RMB500/t (USD0.03/lb V2O5) from last week. “Few suppliers are selling raw materials now. In order to maintain our production for vanadium products, we have to buy ammonium metavanadate 98%min to replace vanadium pentoxide flake 98%min,” said the source. Their last deal was made this Tuesday, when they bought 32t from their regular supplier at RMB94,500/t (USD6.2/lb V2O5) EXW D/P. They are discussing with suppliers of ammonium metavanadate 98%min at the moment. Considering the supply situation stays tight, he believes that mainstream prices of vanadium pentoxide flake 98%min would stay firm in the coming week.

With a consumption capacity of 5,000t, they consumed about 2,450t in 2019 and about 900t so far this year. They expect to consume 280t in May, unchanged from April, holding about 80t of stocks now, down by 60t from last month.

www.asianmetal.com