Chinese vanadium pentoxide flake prices decline
2023-04-12 07:44:56 [Print]
BEIJING (Asian Metal) 12 Apr 23 - Due to the sufficient supply and dropping vanadium alloy prices, Chinese vanadium pentoxide flake 98%min market mentality kept negative during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB126,000-128,000/t (USD8.5-8.6/lb V2O5) EXW D/P, down by RMB3,000/t (USD0.2/lb V2O5) from late last week. Considering that downstream market couldn't offer any effective support now, insiders predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop below RMB125,000/t (USD8.4/lb V2O5) in the coming week.
"Bidding prices of ferrovanadium 50%min we inquired dropped to the latest around RMB128,500/t (USD37.7/kg V) delivered D/A 180 days, which seriously damaged our confidence. In order to reduce our inventory as soon as possible, we could accept RMB128,000/t (USD8.6/lb V2O5) EXW D/P for firm bids of vanadium pentoxide flake 98%min now," said a producer in South China. They last sold about 32t of vanadium pentoxide flake 98%min at RMB132,000/t (USD8.9/lb V2O5) early last week. They contacted their major clients this Tuesday, but buyers only want to purchase at prices no more than RMB125,000/t (USD8.4/lb V2O5) for the moment. Considering that they face increasing inventory pressure for the moment, they expect that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop below RMB125,000/t (USD8.4/lb V2O5) in the coming week.
With an annual production capacity of 1,200t, they produced about 930t in 2022 and about 240t so far this year. They expect to produce about 80t this month, the same as last month, holding around 40t of inventories for the moment, up by about 20t MoM.
"Downstream vanadium alloy prices kept dropping, so we had to drop our vanadium pentoxide flake 98%min prices accordingly during the past week. For the moment, we could accept RMB127,000/t (USD8.5/lb V2O5) EXW D/P," said another producer in South China. They last sold 32t of vanadium pentoxide flake 98%min at RMB130,000/t (USD8.7/lb V2O5) EXW D/P late last week and 32t at RMB136,000/t (USD9.1/lb V2O5) early last week. Their major clients only want to buy at prices no more than RMB123,000/t (USD8.3/lb V2O5) for the moment. Prices of vanadium nitride they inquired dropped to the latest around RMB185,000/t (USD35.2/kg V) delivered D/A 180 days. Considering that they couldn't get any effective support from terminals users now, they predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop to around RMB123,000/t (USD8.3/lb V2O5) in the following week.
With an annual production capacity of 2,400t, they produced about 1,680t in 2022 and about 460t in the first three months of 2023. They expect to produce about 160t in April, almost the same volume as last month. They have around 30t of regular stocks for the moment, unchanged MoM.
"Bidding prices of ferrovanadium 50%min we inquired dropped to the latest around RMB128,500/t (USD37.7/kg V) delivered D/A 180 days, which seriously damaged our confidence. In order to reduce our inventory as soon as possible, we could accept RMB128,000/t (USD8.6/lb V2O5) EXW D/P for firm bids of vanadium pentoxide flake 98%min now," said a producer in South China. They last sold about 32t of vanadium pentoxide flake 98%min at RMB132,000/t (USD8.9/lb V2O5) early last week. They contacted their major clients this Tuesday, but buyers only want to purchase at prices no more than RMB125,000/t (USD8.4/lb V2O5) for the moment. Considering that they face increasing inventory pressure for the moment, they expect that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop below RMB125,000/t (USD8.4/lb V2O5) in the coming week.
With an annual production capacity of 1,200t, they produced about 930t in 2022 and about 240t so far this year. They expect to produce about 80t this month, the same as last month, holding around 40t of inventories for the moment, up by about 20t MoM.
"Downstream vanadium alloy prices kept dropping, so we had to drop our vanadium pentoxide flake 98%min prices accordingly during the past week. For the moment, we could accept RMB127,000/t (USD8.5/lb V2O5) EXW D/P," said another producer in South China. They last sold 32t of vanadium pentoxide flake 98%min at RMB130,000/t (USD8.7/lb V2O5) EXW D/P late last week and 32t at RMB136,000/t (USD9.1/lb V2O5) early last week. Their major clients only want to buy at prices no more than RMB123,000/t (USD8.3/lb V2O5) for the moment. Prices of vanadium nitride they inquired dropped to the latest around RMB185,000/t (USD35.2/kg V) delivered D/A 180 days. Considering that they couldn't get any effective support from terminals users now, they predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop to around RMB123,000/t (USD8.3/lb V2O5) in the following week.
With an annual production capacity of 2,400t, they produced about 1,680t in 2022 and about 460t in the first three months of 2023. They expect to produce about 160t in April, almost the same volume as last month. They have around 30t of regular stocks for the moment, unchanged MoM.
