Chinese vanadium pentoxide flake suppliers hold price firm
2024-04-17 08:30:22 [Print]
BEIJING (Asian Metal) 17 Apr 24 - Given the inactive buying activities from consumers, Chinese vanadium pentoxide flake 98%min producers complain the thin margin and refuse to lower prices this week. Therefore, the current main stream prices stand at RMB76,000-78,000/t (USD10,501-10,777/t) EXW D/P. Insiders predict that the market price would keep in the upcoming week.
A producer in Sichuan claimed that they still quote vanadium pentoxide flake 98%min at RMB78,000/t (USD10,777/t) EXW D/P but close no deal. They last sold about 60t to regular customers at RMB78,000/t (USD10,777/t) EXW D/P two weeks ago. "We have no intention to lower prices due to the too low profit, however we received some inquiries from clients who want to purchase below RMB75,000/t (USD10,362/t) EXW D/P," said the producer. He holds a pessimistic attitude on market and get ready to halt production at any time this month.
With 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 80t in stock now.
Another producer in Hubei disclosed that their quotation for vanadium pentoxide flake 98%min stays at RMB78,000/t (USD10,777/t) EXW D/P and refuse any lower counteroffer since the beginning of April. "We last sold around 30t at RMB80,000/t (USD11,053/t) EXW D/P at the end of March, and we close no deal in April," noted the producer, who explains that RMB78,000/t (USD10,777/t) EXW D/P is already the cost price due to their high price of raw material.
Based on an annual production capacity of 1,200t, the producer halted production early this month. He produced about 50t in March and 600t last year. He has 30t inventory now.
A producer in Sichuan claimed that they still quote vanadium pentoxide flake 98%min at RMB78,000/t (USD10,777/t) EXW D/P but close no deal. They last sold about 60t to regular customers at RMB78,000/t (USD10,777/t) EXW D/P two weeks ago. "We have no intention to lower prices due to the too low profit, however we received some inquiries from clients who want to purchase below RMB75,000/t (USD10,362/t) EXW D/P," said the producer. He holds a pessimistic attitude on market and get ready to halt production at any time this month.
With 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 80t in stock now.
Another producer in Hubei disclosed that their quotation for vanadium pentoxide flake 98%min stays at RMB78,000/t (USD10,777/t) EXW D/P and refuse any lower counteroffer since the beginning of April. "We last sold around 30t at RMB80,000/t (USD11,053/t) EXW D/P at the end of March, and we close no deal in April," noted the producer, who explains that RMB78,000/t (USD10,777/t) EXW D/P is already the cost price due to their high price of raw material.
Based on an annual production capacity of 1,200t, the producer halted production early this month. He produced about 50t in March and 600t last year. He has 30t inventory now.
