Chinese vanadium pentoxide flake prices stay weak
2023-03-21 08:26:02 [Print]
BEIJING (Asian Metal) 21 Mar 23 - As downstream vanadium product price stayed soft during the past week, Chinese vanadium pentoxide flake 98%min prices couldn't get effective support and the market mentality stayed weak accordingly. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB138,000-140,000/t (USD9.2-9.3/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 keep soft in the coming week.
"Vanadium nitride bidding prices we inquired stayed at no more than RMB205,000/t (USD38.3/kg V) delivered D/A 180 days during the past week, which couldn't offer any effective support for raw material prices," said a trader in South China. They kept their vanadium pentoxide flake 98%min price steady at around RMB138,000/t (USD9.2/lb V2O5) EXW D/P during the past week. They last sold 32t of vanadium pentoxide flake 98%min at RMB138,000/t (USD9.2/lb V2O5) about 10 days ago. Their major clients only want to buy at no more than RMB135,000/t (USD9/lb V2O5) for the moment. In order to guarantee their basic profit, they refuse to accept any discount now, but in in view of the rare inquiries in spot market, they expect that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop to around RMB135,000/t (USD9/lb V2O5) in the coming week.
With a monthly trading volume of 100t, the supplier sold about 1,050t in 2022 and about 230t so far this year. They expect to sell about 100t this month, down by about 30t from last month due to lack of inquiries, holding about 32t of stocks for the moment, but didn't hold any inventory in February.
"Consumers could at most accept RMB136,500/t (USD9.1/lb V2O5) EXW D/P according to their vanadium nitride bidding prices during the past week, but we refused to loosen our vanadium pentoxide flake 98%min price to promote sales just in order to guarantee our basic profit," said another trader in South China. They last sold 32t of vanadium pentoxide flake 98%min at RMB138,000/t (USD9.2/lb V2O5) EXW D/P about one week ago. Vanadium nitride bidding prices they inquired dropped to the latest around RMB201,000/t (USD37.5/kg V) delivered D/P. Considering that downstream vanadium market couldn't offer any effective support now, they predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would edge down in the following week.
With a regular trading volume of 100tpm, they sold about 1,200t of vanadium pentoxide flake 98%min in 2022 and around 200t in the first tow months of 2023. They expect to sell about 100t this month, almost the same as February. They have about 64t of stocks for the moment, up by about 64t MoM.
"Vanadium nitride bidding prices we inquired stayed at no more than RMB205,000/t (USD38.3/kg V) delivered D/A 180 days during the past week, which couldn't offer any effective support for raw material prices," said a trader in South China. They kept their vanadium pentoxide flake 98%min price steady at around RMB138,000/t (USD9.2/lb V2O5) EXW D/P during the past week. They last sold 32t of vanadium pentoxide flake 98%min at RMB138,000/t (USD9.2/lb V2O5) about 10 days ago. Their major clients only want to buy at no more than RMB135,000/t (USD9/lb V2O5) for the moment. In order to guarantee their basic profit, they refuse to accept any discount now, but in in view of the rare inquiries in spot market, they expect that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop to around RMB135,000/t (USD9/lb V2O5) in the coming week.
With a monthly trading volume of 100t, the supplier sold about 1,050t in 2022 and about 230t so far this year. They expect to sell about 100t this month, down by about 30t from last month due to lack of inquiries, holding about 32t of stocks for the moment, but didn't hold any inventory in February.
"Consumers could at most accept RMB136,500/t (USD9.1/lb V2O5) EXW D/P according to their vanadium nitride bidding prices during the past week, but we refused to loosen our vanadium pentoxide flake 98%min price to promote sales just in order to guarantee our basic profit," said another trader in South China. They last sold 32t of vanadium pentoxide flake 98%min at RMB138,000/t (USD9.2/lb V2O5) EXW D/P about one week ago. Vanadium nitride bidding prices they inquired dropped to the latest around RMB201,000/t (USD37.5/kg V) delivered D/P. Considering that downstream vanadium market couldn't offer any effective support now, they predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would edge down in the following week.
With a regular trading volume of 100tpm, they sold about 1,200t of vanadium pentoxide flake 98%min in 2022 and around 200t in the first tow months of 2023. They expect to sell about 100t this month, almost the same as February. They have about 64t of stocks for the moment, up by about 64t MoM.
