BEIJING (Asian Metal) 18 Nov 19 – Currently, mainstream prices for Brazilian export vanadium pentoxide flake 98%min stand at USD5.0-5.3/lb V2O5 FOB Brazil, up by USD0.2/lb V2O5 from last week. Few suppliers would like to sell at low price level and it’s hard to find resources at low price level. Insiders believe prices for this material would increase slightly in the coming week.
A trader in Brazil quotes their vanadium pentoxide flake 98%min at USD5.3/lb V2O5 FOB Brazil and can accept USD5.2/lb V2O5 for firm bids at the moment, up by USD0.2/lb V2O5 from one week ago. “We buy vanadium pentoxide flake 98%min in local area at USD5.0/lb V2O5 D.D.P. at the moment. We need to keep at least USD0.2/lb V2O5 for profit margin then would accept orders,” said the source. Their last deal was made late last week, when they bought 40t of stocks at USD5.0/lb V2O5 D.D.P. Considering the cost keeps high, he believes prices of this material would increase by USD0.2/lb V2O5 in the coming week.
With a regular trading volume of 80tpm, they sold 900t in 2018 and have sold 720t this year. They expect to sell 80t in November, up by 20t from October, holding 60t of stocks now, unchanged from last month.
Another trader in Brazil noted the bottom price they can accept stays at USD5.1/lb V2O5 FOB Brazil, up by USD0.2/lb V2O5 from last week. “We bought 20t at USD4.9/lb V2O5 D.D.P. early last week and sold to one of our Mexican clients at USD5.0/lb V2O5 FOB Brazil,” said the source. He added, “Inquiries are increasing but we can’t find resources below USD5.0/lb V2O5 in Brazil now. Inorder to ensure our profit margin, we have to increase our quotation accordingly.” He believes prices of Brazilian export vanadium pentoxide flake 98%min would increase to USD5.5/lb V2O5 in the coming week.
With a regular trading volume of 60tpm, they sold 700t in 2018 and have sold 550t this year. They sold 60t in October and expect the same volume in November. They have 20t of stocks now, down by 20t from last month.
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