BEIJING (Asian Metal) 18 Jun 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB127,000-130,000/t (USD8.5-8.7/lb V) EXW D/A 180 days, up by RMB5,000/t (USD0.3/lb V) from early last week. Most producers are producing for the signed contract and the supply in spot market keeps tight. Insiders believe prices of vanadium pentoxide flake would stay firm in the coming week.

A producer in Northwest China quotes their vanadium pentoxide flake 98%min at RMB130,000/t (USD8.7/lb V) EXW D/A 180 days, up by RMB5,000/t (USD0.3/lb V) from early last week. “We have sold out all the stock now and we can’t accept any new orders before the end of June,” said the source. Their last deal was made late last week, when they sold 60t at RMB128,000/t (USD8.6/lb V). Considering the supply keeps tight, he believes prices of vanadium pentoxide flake 98%min would stay firm in the coming week.

With an annual production capacity of 3,600t for vanadium pentoxide flake, they produced 300t in May and expect the same volume in June, holding no stock now.

A consumer in Liaoning claimes that the current quotation for vanadium pentoxide flake 98%min he received has increased to RMB130,000/t (USD8.7/lb V) EXW D/A 180 days now, up by RMB5,000/t (USD0.3/lb V) from last week. “As prices of raw material increase, we have to increase our quotation for ferrovanadium. We signed about 120t ferrovanadium 50%min at RMB133,000/t (USD38.4/kg V) EXW D/A 180 days last week and we would be very busy in the coming month,” said the source. Their last deal was made early last week, when they bought 60t of raw material vanadium pentoxide flake 98%min at RMB125,000/t (USD8.4/lb V). He believes prices of raw material would keep firm in the coming week.

With an annual consumption capacity of 3,600t for vanadium pentoxide flake, they consumed 120t in May and expect 150t in June, holding 100t of stock now.

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