BEIJING (Asian Metal) 29 Apr 19 – Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min are RMB164,000-167,000/t (USD11.3-11.5/lb V) EXW D/P at present, up by RMB3,000/t (USD0.2/lb V) from last week. As the environmental protection policy is strictly enforced in main production area, the supply of vanadium pentoxide powder reduces. Insiders believe prices of this material would stay firm in the coming week.

A producer in South China quotes for their vanadium pentoxide powder 98%min at RMB170,000/t (USD11.7/lb V) EXW D/P and can sell at RMB167,000/t (USD11.5/lb V) for firm bids at the moment, up by RMB2,000/t (USD0.1/lb V) from last week. “I just sold 10t of this material at RMB165,000/t (USD11.4/lb V) late last week. As the environmental protection policy is strictly enforced in our local area, we can’t accept too much orders. We quote at RMB170,000/t (USD11.7/lb V) for small orders and RMB167,000/t (USD11.5/lb V) for bulk orders at the moment,” said the source. He believes prices of this material would keep firm in the coming week.

With an annual production capacity of 960t for vanadium pentoxide powder, the producer produced 60t in March and expects the same volume in April, holding no stock now.

Another producer in South China claims at RMB168,000/t (USD11.6/lb V) and can accept RMB167,000/t (USD11.5/lb V) for firm bids for their vanadium pentoxide powder 98%min at the moment, up by RMB3,000/t (USD0.2/lb V) from last week. “We sold out all 15t of stock at RMB164,000/t (USD11.3/lb V) late last week. We are limited to produce as environmental protection policy. We need at least 10 days to produce and deliver for new orders,” said the source. He believes prices of this material would keep firm in the coming week.

With an annual production capacity of 840t for vanadium pentoxide powder, the producer produced 50t in March and expects the same volume in April, holding no stock at the moment.

www.asianmetal.com