BEIJING (Asian Metal) 10 Jun 20 РPangang Group Vanadium Titanium & Resources Co., Ltd. produced about 3,000t of vanadium pentoxide flake 98%min in May, unchanged from the past three months.

“Our production always keeps steady at around 3,000tpm after the Spring Festival and won’t change in June,” a source of this company said. Pangang Group could produce about 3,400tpm in normal.¬†According to Asian Metal, Pangang Group produced 39,101t of vanadium pentoxide flake 98%min in 2019 and they expect to produce about 18,500t in the first half year of 2020.

Located in Panzhihua, Sichuan, they are the largest producer for vanadium in the world.

Currently, mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB109,000-111,000/t (USD7.13-7.26/lb V2O5) EXW D/P, down by RMB2,000/t (USD0.13/lb V2O5) from this Monday. As major producers started to sell vanadium pentoxide flake 98%min by long-term agreement at RMB107,000/t (USD7/lb V2O5) EXW D/A 180 days to their regular clients, prices in spot market move down slightly.