Chinese vanadium nitride prices stable
2024-05-01 09:34:00 [Print]
BEIJING (Asian Metal) 1 May 24 - As most consumers start to purchase from late last week and suppliers hold their prices unchanged to maintain sales, the current mainstream prices of Chinese vanadium nitride N 14%min stand at RMB122,000-125,000/t (USD16,425-16,839/t) EXW D/P, in line with yesterday. However, the purchase volumes from steel mills remain small, insiders foresee that the prices would soften in early May.
A producer in South China mentioned that their quotation for vanadium nitride N 14%min stands at RMB123,500/t (USD17,050/t) EXW D/P and they would possibly refuse counteroffer from late last week. "We sold around 32t yesterday at RMB123,500/t (USD17,050/t) EXW D/P and refused a firm bid of 20t at RMB122,000/t (USD16,425/t) EXW D/P two days ago," said the producer, who believes that the prices of vanadium pentoxide flake 98%min would go up, so they have no plan to lower price. However, the producer predicts that the prices would probably go soft in early May due to weak demand.
Based on an annual production capacity of 4,000t, they produced around 350t in April and 3,000t last year, holding no inventory now.
A trader in South China claimed that he quotes RMB123,000/t ( USD16,974/t) EXW D/P and had no intention to sell at prices below RMB123,000/t ( USD16,974/t) from yesterday. They last sold about 20t at RMB122,000/t (USD16,425/t) EXW D/P two days ago. "We stay in no hurry to sell at the present but we believe that the clients would refuse to accept higher prices. So the prices would probably stand stable in the week to come," noted the producer.
With a typical monthly trading volume of 60t, the trader sold around 50t in April, without much change from last month. He almost has no stock at present.
A producer in South China mentioned that their quotation for vanadium nitride N 14%min stands at RMB123,500/t (USD17,050/t) EXW D/P and they would possibly refuse counteroffer from late last week. "We sold around 32t yesterday at RMB123,500/t (USD17,050/t) EXW D/P and refused a firm bid of 20t at RMB122,000/t (USD16,425/t) EXW D/P two days ago," said the producer, who believes that the prices of vanadium pentoxide flake 98%min would go up, so they have no plan to lower price. However, the producer predicts that the prices would probably go soft in early May due to weak demand.
Based on an annual production capacity of 4,000t, they produced around 350t in April and 3,000t last year, holding no inventory now.
A trader in South China claimed that he quotes RMB123,000/t ( USD16,974/t) EXW D/P and had no intention to sell at prices below RMB123,000/t ( USD16,974/t) from yesterday. They last sold about 20t at RMB122,000/t (USD16,425/t) EXW D/P two days ago. "We stay in no hurry to sell at the present but we believe that the clients would refuse to accept higher prices. So the prices would probably stand stable in the week to come," noted the producer.
With a typical monthly trading volume of 60t, the trader sold around 50t in April, without much change from last month. He almost has no stock at present.
