Chinese vanadium pentoxide flake prices bear pressure
Date:May 25, 2018
BEIJING (Asian Metal) 25 May 18 – Mainstream prices for vanadium pentoxide flake 98%min hold at RMB189,000-192,000/t (USD13.71-13.93/lb V) EXW D/A six months now, down by RMB1,000/t (USD0.07/lb V) from last week. As prices for downstream ferrovanadium and vanadium nitride drop continuously, prices for vanadium pentoxide flake are losing market support gradually. It is anticipated that prices for Chinese vanadium pentoxide flake would keep bearing pressure in the coming week.
A producer in North China claimed that they mainly deliver concluded orders of vanadium pentoxide flake now and will make delivery of new orders after June 10 at soonest. The lowest price for vanadium pentoxide flake 98%min that they can accept stands at RMB190,000/t (USD13.78/lb V) EXW D/A six months now. The source said, “Now the supply of vanadium pentoxide flake is limited and all of the surrounding brother plants in contact with us hold no stocks. We hold not much sale pressure for vanadium pentoxide flake, but prices for downstream vanadium products continue dropping, bringing downtrend pressure to vanadium pentoxide flake prices. I expect that prices for Chinese vanadium pentoxide flake would keep stable weakly in the coming week.” The source last sold 30t of vanadium pentoxide flake 98%min at RMB190,000/t (USD13.78/lb V) EXW D/A six months this Tuesday.
