Chinese vanadium pentoxide flake prices steady
2024-04-08 08:51:07 [Print]
BEIJING (Asian Metal) 8 April 24 - Given the low profit from producers, the Chinese vanadium pentoxide flake market 98%min witnesses stable price trend from mid this week and the current mainstream prices stand at RMB76,000-78,000/t (USD10,506-10,783/t) EXW D/P. However, due to the continuous low demand from consumers, insiders forecast that the prices of Chinese vanadium pentoxide flake 98%min would go down in the following week.
A producer from Sichuan disclosed that they quote RMB78,000/t (USD10,783/t) EXW D/P and refuse any further concession on prices. However, they received an inquiry from a client who wants to purchase one to two truckloads at RMB73,000/t (USD10,092/t) today but close no deal. "We last sold around 60t at RMB78,000/t (USD10,783/t) EXW D/P this Wednesday," noted the producer, who predicts the prices of Chinese vanadium pentoxide flake 98%min would decrease in the week to come.
With an annual production capacity of 3,000t, the producer expects to produce 100t this month, down by 50t from last month. The producer produced around 2,500t last year. He holds around 60t in stock now.
Another producer from Hubei mentioned that their quotation stand at RMB78,000/t (USD10,783/t) EXW D/P and have no intention to lower prices due to the thin margin. He added that most clients' inquiry target stands at RMB75,000/t (USD10,368/t) EXW D/P since the early this week, which he can not accept. "We have to lower the prices of vanadium pentoxide flake 98%min due to the falling prices of vanadium nitride N 14%min since the mid of this week, and we plan to halt the production in April," complained the producer, who holds a pessimistic attitude of the market.
Based on an annual production capacity of 1,200t, the producer produced 60t in March. He produced approximately 600t in total in 2023. He has almost 30t inventory now.
A producer from Sichuan disclosed that they quote RMB78,000/t (USD10,783/t) EXW D/P and refuse any further concession on prices. However, they received an inquiry from a client who wants to purchase one to two truckloads at RMB73,000/t (USD10,092/t) today but close no deal. "We last sold around 60t at RMB78,000/t (USD10,783/t) EXW D/P this Wednesday," noted the producer, who predicts the prices of Chinese vanadium pentoxide flake 98%min would decrease in the week to come.
With an annual production capacity of 3,000t, the producer expects to produce 100t this month, down by 50t from last month. The producer produced around 2,500t last year. He holds around 60t in stock now.
Another producer from Hubei mentioned that their quotation stand at RMB78,000/t (USD10,783/t) EXW D/P and have no intention to lower prices due to the thin margin. He added that most clients' inquiry target stands at RMB75,000/t (USD10,368/t) EXW D/P since the early this week, which he can not accept. "We have to lower the prices of vanadium pentoxide flake 98%min due to the falling prices of vanadium nitride N 14%min since the mid of this week, and we plan to halt the production in April," complained the producer, who holds a pessimistic attitude of the market.
Based on an annual production capacity of 1,200t, the producer produced 60t in March. He produced approximately 600t in total in 2023. He has almost 30t inventory now.
