BEIJING (Asian Metal) 13 Feb 20 – Currently, mainstream prices for Japanese vanadium pentoxide flake 98%min stand at USD7.0-7.5/lb V2O5 CIF Japan, up by USD0.5/lb V2O5 from this Monday. As the supply situation stays tight, suppliers refuse to accept orders at low price level. Insiders believe that prices of Japanese vanadium pentoxide flake would go up furthur in the coming week.
A trader in Japan claimed the current price for vanadium pentoxide flake 98%min he received increased to USD7.2/lb V2O5 CIF Japan now and they can buy at no more than USD7.0/lb V2O5 for firm bids, up by USD0.2/lb V2O5 from this Monday. “Our last deal was made at the end of January, when we bought 20t at USD6.0/lb V2O5,” said the source. He added, “It’s uneasy to find raw materials from China for immediate shipment now because of the plague.” He believes that prices of Japanese vanadium pentoxide flake 98%min would increase to USD7.5/lb V2O5 in the coming week.
With a regular trading volume of 40tpm, they sold 40t in January but they have not closed any deals in February for lack of goods. They have no stocks now, down by 40t from last month.
Another trader in Japan noted the current price for vanadium pentoxide flake 98%min he received increased to USD7.5/lb V2O5 CIF Japan now, up by USD0.5/lb V2O5 from last week. “Our regular supplier cannot accept orders for immediate shipment as they have to inventory now,” said the source. Their last deal was made late January, when they bought 20t at USD5.5/lb V2O5 CIF Japan from Southeast Asia. He believs that prices of Japanese vanadium pentoxide flake 98%min would increase to USD8/lb V2O5 in the coming week.
With a regular trading volume of 60tpm, they sold 40t in January but have no deals in February yet. They have no stocks now, down by 20t from last month.
www.asianmetal.com
