BEIJING (Asian Metal) 20 Nov 19 – Currently, mainstream prices for European vanadium pentoxide flake 98%min stand at USD5.2-5.5/lb V2O5 in warehouse Rotterdam D/A 30 days, up by USD0.3/lb V2O5 from last week. Suppliers refuse to drop their quotation to accept orders and it’s hard to find low price level resources. Insiders believe prices of this material would edge up in the coming week.
A trader in Middle Europe quotes their vanadium pentoxide 98%min at USD5.5/lb V2O5 in warehouse Rotterdam D/A 30 days and can accept USD5.4/lb V2O5 for firm bids, up by USD0.3/lb V2O5 from last week. “I received an inquiry for 40t this Tuesday from China. The buyer wanted to make delivery at the port of China and their target price is no more than RMB97,000/t EXW D/P,” said the source. He added, “We closed the deal at RMB96,000/t CIF China at last.” Considering inquiries keep active at the moment, he believes prices of vanadium pentoxide flake 98%min 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 about 800t this year. They expect to sell 80t in November, unchanged from October, holding 40t of stocks now, down by 40t from last month.
A trader in West Europe noted the lowest quotation for vanaidum pentoxide 98%min stands at USD5.3/lb V2O5 in warehouse Rotterdam D/A 30 days, up by USD0.2/lb V2O5 from last week. “Suppliers increase their quotation quickly, one of our suppliers has increased their quotation to USD5.5/lb V2O5 now. Though no consumers would like to buy at the moment, I believe dealing prices would touch this price level in the coming week,” said the source. Their last deal was made early last week, when they bought 20t at USD5.1/lb V2O5.
With a regular trading volume of 40tpm, they sold 440t last year and have sold 360t this year. They expect to sell 40t in November, unchanged from October. They have 40t of regular stocks in hand now, the same with last month.
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