Chinese vanadium pentoxide flake prices soft
2023-03-07 08:27:39 [Print]
BEIJING (Asian Metal) 7 Mar 23 - In view of the sufficient supply in spot market, Chinese vanadium pentoxide flake 98%min market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB140,000-142,000/t (USD9.3-9.4/lb V2O5) EXW D/A 180 days, unchanged from late last week. Considering that most buyers prefer to watch the market and inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would stay soft in the coming week.
"Bidding prices of vanadium nitride we inquired stayed at no more than RMB208,000/t (USD38.8/kg V) delivered D/A 180 days during the past week, which couldn't offer effective support for raw material price rise," said a trader in South China. They last sold about 30t of vanadium pentoxide flake 98%min at RMB139,000/t (USD9.2/lb V2O5) EXW D/P about one week ago and still quote this level to their regular clients now. Considering that most buyers prefer to watch the market and inquiries stay rare for the moment, they believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep soft in the coming week.
With a monthly trading volume of 100t, they expect to sell about 100t in this month, almost the same as last month. The supplier has no inventory for the moment, down by about 30t MoM.
"Buyers could at most accept RMB139,000/t (USD9.2/lb V2O5) EXW D/P for the moment, and we could hardly maintain price firm due to the weak vanadium alloy bidding prices," said another trader in South China. They last sold about 32t of vanadium pentoxide flake 98%min at this price level late last week. They tried to quote RMB140,000/t (USD9.3/lb V2O5) this Monday, but no any buyers would like to accept. Considering that vanadium alloy bidding prices kept weak during the past week, they expect that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep weak in the following week.
With a monthly trading volume of 100t, they sold about 1,050t in 2022 and about 200t so far this year. They expect to sell about 120t this month, up by about 30t from last month, holding about 30t of stocks now, up by about 30t MoM.
"Bidding prices of vanadium nitride we inquired stayed at no more than RMB208,000/t (USD38.8/kg V) delivered D/A 180 days during the past week, which couldn't offer effective support for raw material price rise," said a trader in South China. They last sold about 30t of vanadium pentoxide flake 98%min at RMB139,000/t (USD9.2/lb V2O5) EXW D/P about one week ago and still quote this level to their regular clients now. Considering that most buyers prefer to watch the market and inquiries stay rare for the moment, they believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep soft in the coming week.
With a monthly trading volume of 100t, they expect to sell about 100t in this month, almost the same as last month. The supplier has no inventory for the moment, down by about 30t MoM.
"Buyers could at most accept RMB139,000/t (USD9.2/lb V2O5) EXW D/P for the moment, and we could hardly maintain price firm due to the weak vanadium alloy bidding prices," said another trader in South China. They last sold about 32t of vanadium pentoxide flake 98%min at this price level late last week. They tried to quote RMB140,000/t (USD9.3/lb V2O5) this Monday, but no any buyers would like to accept. Considering that vanadium alloy bidding prices kept weak during the past week, they expect that the mainstream prices of Chinese vanadium pentoxide flake 98%min would keep weak in the following week.
With a monthly trading volume of 100t, they sold about 1,050t in 2022 and about 200t so far this year. They expect to sell about 120t this month, up by about 30t from last month, holding about 30t of stocks now, up by about 30t MoM.
