Chinese vanadium pentoxide flake suppliers hold positive attitude
2024-04-22 08:31:46 [Print]
BEIJING (Asian Metal) 22 Apr 24 - Supported by the bid result of vanadium nitride N 14%min, Chinese vanadium pentoxide flake 98%min suppliers hold a positive attitude and deny to sell at lower prices this week. The current mainstream prices stand at RMB77,000-79,000/t (USD10,642-10,918/t) EXW D/P, up by RMB2,000/t (USD276/t) EXW D/P from last week. Insiders predict that the market price would rise in the upcoming week.
A producer in Sichuan revealed that they quote vanadium pentoxide flake 98%min at RMB78,000/t (USD10,780/t) EXW D/P and refuse to sell below the price. "We last sold around 60t to our regular customers at 78,000/t (USD10,780/t) EXW D/P early this month and we got a client who wants to purchase 30t at RMB76,000/t (USD10,497/t) EXW D/P this morning, but we refused," illustrated the producer, who noted that it is difficult for consumers to buy below 77,000/t (USD10,635/t) EXW D/P now. He believes the price would go up in the following days.
Based on an annual production capacity of 3,000t, the producer expects to produce 100t in April. He produced 100t in March and 2,500t last year, holding around 80t in stock now.
Another producer in Hubei disclosed that their quotation for vanadium pentoxide flake 98%min raise to RMB80,000/t (USD11,049/t) EXW D/P while they sold around 30t at 78,000/t (USD10,780/t) EXW D/P on Tuesday. "We refuse to sell since the price dropped to below RMB80,000/t (USD11,056/t) EXW D/P, and we expect to resume production this month if the market price recover to over RMB80,000/t (USD11,056/t) EXW D/P," noted the producer, who holds a wait-and-see attitude on market due to their high prices of raw material.
With an annual production capacity of 1,200t, the producer plans to resume production this month. He produced about 60t in March and 600t last year, holding around 30t inventory now.
A producer in Sichuan revealed that they quote vanadium pentoxide flake 98%min at RMB78,000/t (USD10,780/t) EXW D/P and refuse to sell below the price. "We last sold around 60t to our regular customers at 78,000/t (USD10,780/t) EXW D/P early this month and we got a client who wants to purchase 30t at RMB76,000/t (USD10,497/t) EXW D/P this morning, but we refused," illustrated the producer, who noted that it is difficult for consumers to buy below 77,000/t (USD10,635/t) EXW D/P now. He believes the price would go up in the following days.
Based on an annual production capacity of 3,000t, the producer expects to produce 100t in April. He produced 100t in March and 2,500t last year, holding around 80t in stock now.
Another producer in Hubei disclosed that their quotation for vanadium pentoxide flake 98%min raise to RMB80,000/t (USD11,049/t) EXW D/P while they sold around 30t at 78,000/t (USD10,780/t) EXW D/P on Tuesday. "We refuse to sell since the price dropped to below RMB80,000/t (USD11,056/t) EXW D/P, and we expect to resume production this month if the market price recover to over RMB80,000/t (USD11,056/t) EXW D/P," noted the producer, who holds a wait-and-see attitude on market due to their high prices of raw material.
With an annual production capacity of 1,200t, the producer plans to resume production this month. He produced about 60t in March and 600t last year, holding around 30t inventory now.
