Desheng Group Vanadium Production To Recover To Normal Level

BEIJING (Asian Metal) 2 Jul 20 – Sichuan Desheng Group Vanadium And Titanium Co., Ltd produced about 400t of vanadium pentoxide flake 98%min in June down by 300t from May due to the overhaul. They would increase the output to about 600t in July.

“We just finished the overhaul and the vanadium production would gradually return to the normal level. We expect to produce about 600t in July, up by 200t from June,” a source from this company noted. They quote their vanadium pentoxide flake 98%min at RMB107,000/t (USD7.0/lb V2O5) EXW D/A 180 days at the moment, unchanged from last week.

This company is one of top three producers of vanadium pentoxide flake 98%min in China. Located in Sichuan, they produced about 9,000t in 2019, up by 21.6% from last year. They produced about 3900t in the first half of this year.

Currently, mainstream prices of Chinese vanadium pentoxide flake 98%min stand at around RMB105,500/t (USD6.9/lb V2O5) EXW D/P, down by RMB500/t (USD0.03/lb V2O5) from late last week.