Chinese vanadium pentoxide powder prices soar
Date: Sep 21, 2018
BEIJING (Asian Metal) 21 Sep 18 – Chinese vanadium pentoxide powder 98%min prices stand in a range of RMB310,000-314,000/t (USD20.93-21.21/lb V) Inc-VAT EXW D/P at present, an increase of RMB36,000/t (USD2.43/lb V) from last week. The spot market is seeing tight supply and producers with stocks hold back from selling to push up prices. Market participants predict that prices in China would continue to spike in the coming week.
A South China-based producer claimed their lowest acceptable price for vanadium pentoxide powder 98%min is RMB310,000/t (USD20.93/lb V) currently, up by RMB35,000/t (USD2.36/lb V) from last week. The source disclosed, “In spite of many inquiries in the past week, we cannot accept so many orders because of severe environmental protection regulation. We can hardly finish the shipment on time. All orders signed now can only be shipped some time later and we have run out of stocks. The current price is till far away from my expectation.” The producer last concluded a deal of 10t at RMB305,000/t (USD20.60/lb V) this Wednesday.
