Date: Feb 23, 2018

BEIJING (Asian Metal) 23 Feb 18 – After the Spring Festival, Chinese vanadium pentoxide flake market continued the stable trend before the festival, and most market participants held watchful attitudes. Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB177,000-180,000/t (USD12.88-13.10/lb V) EXW D/P, unchanged from those before the holiday. As orders of large vanadium pentoxide flake plants have been full during the whole February with prices for signed contracts concentrating at RMB182,000/t (USD13.25/lb V) EXW D/A 6 months, prices for Chinese vanadium pentoxide flake are expected to keep stable in the coming week.

A producer in South China said, ” After the Spring Festival, consumers sent enquiries actively again, but few of them have real purchasing intentions and most just mainly sent enquiries. We are also trying to distinguish next trend of vanadium market without any adjustment on offers for vanadium pentoxide flake temporarily.” Currently, they offer RMB182,000/t (USD13.25/lb V) EXW D/A six months and RMB179,000/t (USD13.03/lb V) EXW D/P for vanadium pentoxide flake 98%min,unchanged from that before the Spring Festival. The company last sold 30t of the material at RMB178,000/t (USD12.96/lb V) EXW D/P in early February.

With capacity of 1,200tpy, the source expected to produce 60t of the material in February, down by 20t from January, and mainly delivers previous orders now with no stocks in hand for the moment.

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