Chinese vanadium pentoxide powder to touch the bottom
Date: Jan 7, 2019
BEIJING (Asian Metal) 7 Jan 19 – Currently, mainstream prices for Chinese vanadium pentoxide powder 98%min drop to RMB223,000-227,000/t (USD15.04-15.31/lb V) Inc-VAT EXW D/P, down by RMB6,000/t (USD0.40/lb V) from late last week. As the environmental protection policy is strictly enforced in main production area, the supply of vanadium pentoxide powder reduce. Insiders believe prices of this material would touch the bottom in the coming week.
A producer in South China quotes vanadium pentoxide powder 98%min at RMB230,000/t (USD15.51/lb V) at present, down by RMB5,000/t (USD0.34/lb V) from last week. “Most producers of vanadium pentoxide powder in our local area have halted production for environmental protection policy. Considering the supply is reducing, I believe mainstream prices of this material would touch the bottom at RMB220,000/t (USD14.83/lb V) in the coming week,” said the source. Their last deal was made late last week, when they sold 10t at RMB225,000/t (USD15.17/lb V) to a regular client.
