Chinese vanadium pentoxide powder prices decline
2023-04-12 07:44:42 [Print]
BEIJING (Asian Metal) 12 Apr 23 - In view of the dropping raw material prices and soft demand from terminal users, Chinese vanadium pentoxide powder 99.5%min market mentality kept negative during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB147,000-152,000/t (USD9.7-10.1/lb V2O5) EXW D/P, down by RMB2,000/t (USD0.1/lb V2O5) from late last week. Considering that the negative mentality continues, insiders predict that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min move down further in the coming week.
"No buyers would like to add inventory for the moment and we didn't receive any inquiries so far this month. In order to promote sales, we could accept RMB150,000/t (USD9.9/lb V2O5) EXW D/P now," said a producer in South China. They last sold 5t of vanadium pentoxide powder 99.5%min at RMB152,000/t (USD10.1/lb V2O5) late last month and 5t at RMB153,000/t (USD10.1/lb V2O5) one day before that. Prices of ammonium metavanadate 98%min they received dropped to the latest around RMB120,000/t (USD17.6/kg) EXW D/P. In view of the dropping raw material prices and rare inquiries from terminal users, they predict that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would drop to around RMB145,000/t (USD9.6/lb V2O5) in the coming week.
With an annual production capacity of 600t, they produced about 430t in 2022 and about 60t so far this year. They expect to produce about 20t this month, the same as last month. They have around 20t of stocks for the moment, unchanged MoM.
"Ammonium metavanadate 98%min prices we inquired dropped to the latest around RMB120,000/t (USD17.6/kg) EXW D/P and some producers even could accept RMB117,000/t (USD17.1/kg), so we have to drop our vanadium pentoxide powder 99.5%min price accordingly to guarantee our competitiveness," said another producer in South China. They last sold 5t of vanadium pentoxide powder 99.95%min at RMB152,000/t (USD/lb V2O5) about one week ago and could accept RMB147,000/t (USD10.1/lb V2O5) for the moment. Considering that buyers all prefer to watch the market due to the dropping raw material prices, they expect that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would drop by at least RMB2,000/t (USD0.1/lb V2O5) in the following week.
With an annual production capacity of 1,000t, they produced about 380t in 2022 and about 60t so far in 2023. They predict to produce around 20t this month, almost the same volume as last month, holding nearly 20t of stocks now, unchanged MoM.
"No buyers would like to add inventory for the moment and we didn't receive any inquiries so far this month. In order to promote sales, we could accept RMB150,000/t (USD9.9/lb V2O5) EXW D/P now," said a producer in South China. They last sold 5t of vanadium pentoxide powder 99.5%min at RMB152,000/t (USD10.1/lb V2O5) late last month and 5t at RMB153,000/t (USD10.1/lb V2O5) one day before that. Prices of ammonium metavanadate 98%min they received dropped to the latest around RMB120,000/t (USD17.6/kg) EXW D/P. In view of the dropping raw material prices and rare inquiries from terminal users, they predict that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would drop to around RMB145,000/t (USD9.6/lb V2O5) in the coming week.
With an annual production capacity of 600t, they produced about 430t in 2022 and about 60t so far this year. They expect to produce about 20t this month, the same as last month. They have around 20t of stocks for the moment, unchanged MoM.
"Ammonium metavanadate 98%min prices we inquired dropped to the latest around RMB120,000/t (USD17.6/kg) EXW D/P and some producers even could accept RMB117,000/t (USD17.1/kg), so we have to drop our vanadium pentoxide powder 99.5%min price accordingly to guarantee our competitiveness," said another producer in South China. They last sold 5t of vanadium pentoxide powder 99.95%min at RMB152,000/t (USD/lb V2O5) about one week ago and could accept RMB147,000/t (USD10.1/lb V2O5) for the moment. Considering that buyers all prefer to watch the market due to the dropping raw material prices, they expect that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would drop by at least RMB2,000/t (USD0.1/lb V2O5) in the following week.
With an annual production capacity of 1,000t, they produced about 380t in 2022 and about 60t so far in 2023. They predict to produce around 20t this month, almost the same volume as last month, holding nearly 20t of stocks now, unchanged MoM.
