Vanadium pentoxide prices drop slightly
2005-04-22 09:22:41 【Print】
BEIJING (Asian Metal) 22 Apr 05 - The Chinese ferro-vanadium domestic market has kept dropping since early last week, with few deals concluded. Meanwhile, vanadium pentoxide prices have slipped slightly since last week, with concluded prices around RMB340,000/t.
"We quote prices of RMB350,000/t for vanadium pentoxide, with concluded prices around RMB340,000/t," a Hubei-based vanadium pentoxide smelter told Asian Metal. “Early last week the price was RMB350,000-360,000/t,” added the source.
Due to strong demand of vanadium pentoxide, many producers resumed production, so the price for vanadium pentoxide slipped slightly, but the market is still firm, according to the source.
"The demand for vanadium pentoxide is very strong, all of our products have been ordered a month ago," said the source. The smelter mainly sells its products in the Chinese domestic market, with small proportions exported to Japan through a Hong Kong-based trader.
At present the smelter produces 20tpm of vanadium pentoxide on its 25tpm production capacity, and has no stockpile.
"We now quote RMB340,000/t for vanadium pentoxide, but the price was over RMB350,000/t last weekend," a trader in Henan Province told Asian Metal. The trader now holds 3t of vanadium pentoxide in stock.
The source bought vanadium pentoxide from a local small vanadium pentoxide smelter, running fully on its 20tpm production capacity, at a price of a little over RMB300,000/t.
Market participants believe that the vanadium pentoxide market will remain stable in the coming weeks, despite a softening ferro-vanadium market.
