Chinese vanadium pentoxide flake market quiet
2024-04-11 08:32:18 [Print]
BEIJING (Asian Metal) 11 Apr 24 - In view of the low demand from consumers, Chinese vanadium pentoxide flake 98%min market witnesses slow buying activities this week. The current mainstream prices stabilize at RMB76,000-78,000/t (USD10,509-10,785/t) EXW D/P. Insiders predict that the market would remain sluggish in the upcoming week.
A producer in Hubei claimed that their quotation for vanadium pentoxide flake 98%min still stands at RMB78,000/t (USD10,785/t) EXW D/P. "We close no deal these days and our latest deal which we sold around 30t at RMB80,000/t (USD10,785/t) EXW D/P two weeks ago. Due to the too low profit, we have no intention to sell below RMB78,000/t (USD10,785/t) EXW D/P," complained the producer, who holds a pessimistic attitude on market.
With an annual production capacity of 1,200t, the producer halted production in April. He produced about 50t in March and 600t last year. He has 30t inventory now.
Another producer in Sichuan revealed that they still quote RMB78,000/t (USD10,785/t) EXW D/P for vanadium pentoxide flake 98%min and consider selling at RMB76,000/t (USD10,785/t) EXW D/P but close no deal. They last sold around 60t at RMB78,000/t (USD10,785/t) EXW D/P early this month. "We have an inquiry from a client who wants to purchase at RMB75,000/t (USD10,370/t) EXW D/P, and we make concession for RMB76,000/t (USD10,785/t) EXW D/P but close no deal at last," mentioned the producer, who holds a wait-and-see attitude on market.
Based on an annual production capacity of 3,000t, the producer expects to produce around 100t in April. He produced 150t in March and 2,500t last year and holds around 60t in stock now.
A producer in Hubei claimed that their quotation for vanadium pentoxide flake 98%min still stands at RMB78,000/t (USD10,785/t) EXW D/P. "We close no deal these days and our latest deal which we sold around 30t at RMB80,000/t (USD10,785/t) EXW D/P two weeks ago. Due to the too low profit, we have no intention to sell below RMB78,000/t (USD10,785/t) EXW D/P," complained the producer, who holds a pessimistic attitude on market.
With an annual production capacity of 1,200t, the producer halted production in April. He produced about 50t in March and 600t last year. He has 30t inventory now.
Another producer in Sichuan revealed that they still quote RMB78,000/t (USD10,785/t) EXW D/P for vanadium pentoxide flake 98%min and consider selling at RMB76,000/t (USD10,785/t) EXW D/P but close no deal. They last sold around 60t at RMB78,000/t (USD10,785/t) EXW D/P early this month. "We have an inquiry from a client who wants to purchase at RMB75,000/t (USD10,370/t) EXW D/P, and we make concession for RMB76,000/t (USD10,785/t) EXW D/P but close no deal at last," mentioned the producer, who holds a wait-and-see attitude on market.
Based on an annual production capacity of 3,000t, the producer expects to produce around 100t in April. He produced 150t in March and 2,500t last year and holds around 60t in stock now.
