Pangang Reduces Production For Vanadium Pentoxide Flake Due To Overhaul

BEIJING (Asian Metal) 9 Mar 20 – Pangang Group Vanadium Titanium & Resources Co., Ltd. produced 3,200t of vanadium pentoxide flake 98%min in February, down by 100t from January due to the overhaul.

“We would do overhaul every February and we produced 3,200t of vanadium pentoxide flake 98% during the past month. Though the production reduced, I don’t think market prices would rebound accordingly as the market supply still keeps loose in China,” said the source of this company. This company can produce 3,300-3,400tpm in normal. According to Asian Metal, Pangang Group produced 40,000t of vanadium pentoxide flake 98%min in 2019, up by 2% from 2018. They expect to produce the same volume in 2020.

Located in Panzhihua, Sichuan, they are the largest vanadium producer in global market. The production situation of Pangang Group would attract the attention of most vanadium enterprises.

Currently, mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB93,000-96,000/t (USD6.2-6.4/lb V2O5) EXW D/A 180 days, down by RMB2,000/t (USD0.1/lb V2O5) from last week. Dealing prices concentrated in the high position of the range.