Chinese vanadium pentoxide flake prices slump
2023-04-18 08:28:17 [Print]
BEIJING (Asian Metal) 18 Apr 23 - In view of the sufficient supply and slumping vanadium alloy prices, Chinese vanadium pentoxide flake 98%min market saw negative mentality during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB120,000-122,000/t (USD8
"Prices of vanadium nitride we inquired dropped to the latest around RMB179,000/t (USD34.1/kg V) delivered D/P and vanadium pentoxide flake 98%min consumers all prefer to watch the market now," said a producer in South China. They last sold around 33t of vanadium pentoxide flake 98%min at RMB123,000/t (USD8.3/lb V2O5) late last week and could accept RMB120,000/t (USD8.1/lb V2O5) now. However, none of their regular clients would like to purchase at any prices above RMB117,000/t (USD7.9/lb V2O5) now, and some clients only want to buy at around RMB115,000/t (USD7.7/lb V2O5). Considering that terminal market couldn't offer any effective support and they face growing inventory for the moment, they predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop below RMB117,000/t (USD7.9/lb V2O5) in the coming week.
With an annual production capacity of 2,000t, they produced about 800t in 2022 and about 300t so far this year. They expect to produce about 100t this month, almost the same as last month, holding around 30t of stocks for the moment, up by about 10t MoM.
"No buyers would like to add inventory for the moment due to the slumping vanadium alloy prices. According to the feedback of our regular clients, we could at most sell vanadium pentoxide flake 98%min at RMB118,000/t (USD7.9/lb V2O5) EXW D/P now," said a trader in South China. They last sold 32t of vanadium pentoxide flake 98%min at RMB125,000/t (USD8.4/lb V2O5) early last week and quote RMB120,000/t (USD8.1/lb V2O5) now. Prices of ferrovanadium 50%min they inquired dropped to the latest around RMB128,000/t (USD37.5/kg V) delivered D/A 180 days. Considering that terminal market could offer little support now, they predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop to around RMB110,000/t (USD7.4/lb V2O5) in the following week.
With a monthly trading volume of 100t, they sold about 1,200t in 2022 and about 300t in the first three months of 2023. They expect to sell about 100t in April, almost the same as last month . They have about 30t of stocks for the moment, unchanged MoM.
. 1-8.2/lb V2O5) EXW D/P, down by RMB6,000/t (USD0.4/lb V2O5) from middle last week . Considering that most suppliers prefer to clear their inventory as soon as possible, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would move down further in the coming week.
"Prices of vanadium nitride we inquired dropped to the latest around RMB179,000/t (USD34.1/kg V) delivered D/P and vanadium pentoxide flake 98%min consumers all prefer to watch the market now," said a producer in South China. They last sold around 33t of vanadium pentoxide flake 98%min at RMB123,000/t (USD8.3/lb V2O5) late last week and could accept RMB120,000/t (USD8.1/lb V2O5) now. However, none of their regular clients would like to purchase at any prices above RMB117,000/t (USD7.9/lb V2O5) now, and some clients only want to buy at around RMB115,000/t (USD7.7/lb V2O5). Considering that terminal market couldn't offer any effective support and they face growing inventory for the moment, they predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop below RMB117,000/t (USD7.9/lb V2O5) in the coming week.
With an annual production capacity of 2,000t, they produced about 800t in 2022 and about 300t so far this year. They expect to produce about 100t this month, almost the same as last month, holding around 30t of stocks for the moment, up by about 10t MoM.
"No buyers would like to add inventory for the moment due to the slumping vanadium alloy prices. According to the feedback of our regular clients, we could at most sell vanadium pentoxide flake 98%min at RMB118,000/t (USD7.9/lb V2O5) EXW D/P now," said a trader in South China. They last sold 32t of vanadium pentoxide flake 98%min at RMB125,000/t (USD8.4/lb V2O5) early last week and quote RMB120,000/t (USD8.1/lb V2O5) now. Prices of ferrovanadium 50%min they inquired dropped to the latest around RMB128,000/t (USD37.5/kg V) delivered D/A 180 days. Considering that terminal market could offer little support now, they predict that the mainstream prices of Chinese vanadium pentoxide flake 98%min would drop to around RMB110,000/t (USD7.4/lb V2O5) in the following week.
With a monthly trading volume of 100t, they sold about 1,200t in 2022 and about 300t in the first three months of 2023. They expect to sell about 100t in April, almost the same as last month . They have about 30t of stocks for the moment, unchanged MoM.