Date:May 30, 2018

BEIJING (Asian Metal) 30 May 18 – Mainstream prices for Chinese vanadium pentoxide flake 98%min hold at RMB189,000-192,000/t (USD13.63-13.84/lb V) EXW D/A six months now, unchanged from last week. Vanadium pentoxide flake producers sell goods smoothly and tight spot supply did not show any signs of relief. It is anticipated that prices for Chinese vanadium pentoxide flake would keep firm in the coming week.

A producer in South China claimed that they offer RMB190,000/t (USD13.70/lb V) EXW D/A six months for vanadium pentoxide flake 98%min now, unchanged from last week. The source said, “Our orders have been full till mid-June with all prices for signed orders standing at RMB190,000/t (USD13.70/lb V) EXW D/A six months. We hold no stocks and as far as I know, several vanadium pentoxide flake producers who have same scale with us also hold no stocks. Under tight supply, vanadium pentoxide flake prices have no space to decline.” The source believed that prices for Chinese vanadium pentoxide flake would keep stable in the coming week, while prices for downstream ferrovanadium and vanadium nitride would edge up under cost pressure.

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