Chinese Vanadium Pentoxide Flake Prices Increase
BEIJING (Asian Metal) 19 Jul 19 – Currently, mainstream transaction prices for Chinese vanadium pentoxide flake 98%min are RMB122,000-125,000/t (USD8.2-8.4/lb V) EXW D/A 180 days, up by RMB2,000/t (USD0.1/lb V) from last week. Suppliers intentionally hold back from selling, so the spot supply is relatively tight now. Market players believe Chinese vanadium pentoxide flake prices would keep firm in the coming week.
A trader in Northwest China said now their company mainly sells the previous inventory and doesn’t accept orders with prices less than RMB125,000/t (USD8.4/lb V) EXW D/A 180 days for vanadium pentoxide flake 98%min, with the bottom price up by RMB2,000/t (USD0.1/lb V) from last week. He said, “This Thursday, a buyer sent an enquiry and wanted to buy 30t of spot vanadium pentoxide flake 98%min at RMB123,000/t (USD8.2/lb V), but I rejected him.” He revealed, “At present, large-sized plants don’t sell in large quantity, so it is hard to buy spot material. Thus, I believe prices would go up by at least RMB3,000/t (USD0.2/lb V) in the coming week.” The company made its last deal early this week and bought 20t of vanadium pentoxide flake 98%min at RMB122,000/t (USD8.2/lb V).
With a regular monthly trading volume of 60t, the company expects to sell 60t in July, in line with June, and holds 30t of stocks now.
A consumer in South China said that now the spot prices for vanadium pentoxide flake 98%min he has received from suppliers are all around RMB125,000/t (USD8.4/lb V) EXW D/A 180 days, up by RMB3,000/t (USD0.2/lb V) from last week. He said, “Currently, large-sized plants mainly produce for long-term orders and there is no spot supply, so we have to buy spot material from traders. We made our last purchase late last week and bought 20t of vanadium pentoxide flake 98%min at RMB122,000/t (USD8.2/lb V) EXW D/A 180 days.” He added, “Due to the continuous increase of vanadium pentoxide flake prices and tight spot supply, we have to purchase ammonium metavanadate 98%min for replacement. Now, suppliers quote RMB123,000/t (USD8.2/lb V) EXW D/P as lowest price for ammonium metavanadate 98%min; the price is cheaper and the material is easier to find.” As the supply is tight in market, he expects prices for Chinese vanadium pentoxide flake would move up to RMB128,000/t (USD8.6/lb V) in the coming week.
With an annual consumption capacity of 500t, the company expects to consume 30t in July, the same as June, and holds 30t of stocks now.
www.asianmetal.com
