BEIJING (Asian Metal) 16 Sep 19 – Currently, mainstream prices for European vanadium pentoxide flake 98%min stand at USD7.3-7.6/lb V2O5 in warehouse Rotterdam D/A 30 days, up by USD0.2/lb V2O5 from last week. Most participators are coming back to market from summer holiday and the demand start to grow. Insiders believe prices of European vanadium pentoxide flake would keep increasing in the coming week.
A trader in East Europe quotes their vanadium pentoxide 98%min at USD8.0/lb V2O5 in warehouse Rotterdam D/A 30 days and can sell at USD7.8/lb V2O5 for firm bids, up by USD0.3/lb V2O5 from last week. “Our last deal was made last Thursday, when we sold 40t at USD7.5/lb V205,” said the source. He believes inquiries would keep increasing in the coming week as their clients are coming back to market from summer holiday. He thinks dealing prices for European vanadium pentoxide flake 98%min would increase to USD7.8/lb V2O5 in the coming week.
With a regular trading volume of 100tpm, they sold 1,000t last year and have sold 700t this year. They expect to sell 100t in September, up by 50t from August. They have 20t of stocks now, down by 30t from last month.
A trader in Middle Europe claimed their lowest quotation for vanaidum pentoxide 98%min keeps at USD7.5/lb V2O5 in warehouse Rotterdam D/A 30 days, up by USD0.2/lb V2O5 from last week. “Our last deal was made early last week, when we sold 20t at USD7.3/lb V2O5,” said the source. Considering the demand would increase in September every year, he believes prices of European vanadium pentoxide flake 98%min would increase to USD8.0/lb V2O5 in the coming week. They are in no hurry to accept new orders noa and are waiting for higher prices.
With a regular trading volume of 80tpm, they sold 900t last year and have sold 600t this year. They expect to sell 80t in September, up by 30t from August, holding 50t of stocks now, down by 10t from last month.
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