Chinese vanadium pentoxide flake prices increase

Date: Jan 23, 2019

BEIJING (Asian Metal) 23 Jan 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB227,000-230,000/t (USD15.44-15.64/lb V) EXW D/A 180 days, up by RMB12,000/t (USD0.82/lb V) from last week. Considering prices of downstream FeV and VN keep increasing, insiders believe prices of raw material vanadium pentoxide falke would be firm in the coming week.

A producer in North China quotes vanadium pentoxide flake 98%min at RMB230,000/t (USD15.64/lb V) EXW D/A 180 days, up by RMB10,000/t (USD0.68/lb V) from last week. “I learnt some producer still quote at RMB210,000/t (USD14.28/lb V) but they have no stock. We can deliver to our buyer immediately if the order is less than 30t,” said the source. Their last deal was made early last week, when they sold 30t at RMB220,000/t (USD14.96/lb V). He believes prices would be firm before the Spring Festival.

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