BEIJING (Asian Metal) 13 Aug 19 – Currently, mainstream prices for European vanadium pentoxide flake 98%min stand at USD6.6-6.9/lb V2O5 in warehouse Rotterdam D/A 30 days, up by USD0.2/lb V2O5 from one week ago. Most participators are out of market for summer holiday now and the market keeps quiet. Considering prices of Asian area keep high, insiders believe prices of European vanadium pentoxide flake would edge up in the coming week.
A trader in East Europe quotes their vanadium pentoxide 98%min at USD7.0/lb V2O5 in warehouse Rotterdam D/A 30 days and can sell at USD6.8/lb V2O5 for firm bids more than 20t, up by USD0.3/lb V2O5 from last week. “Our last deal was made early last week, when we sold 30t at USD6.5/lb V205,” said the source. He added, “I heard prices of Chinese vanadium pentoxide flake 98%min have increased to around USD9.8/lb V205, which would support prices of European market to grow.” He believes prices of European vanadium pentoxide flake 98%min would increase to USD7.5/lb V205 in the coming week.
With a regular trading volume of 80tpm, they sold 800t last year and have sold 500t this year. They expect to sell 60t in August, down by 20t from July for summer holiday, holding 30t of stock now.
Another trader in East Europe claimed their lowest quotation for vanaidum pentoxide 98%min keeps at USD6.9/lb V2O5 in warehouse Rotterdam D/A 30 days, up by USD0.2/lb V2O5 from one week ago. “Our last deal was made last last week, when we sold 20t at USD6.7/lb V205 and the buyer is one of our regular clients,” said the source. They are in no hurry to accept new orders as they have sold out of the inventory. As their has no stock pressure, he believes prices of vanadium pentoxide flake 98%min would increase to USD7.3/lb V2O5 in the coming week.
With a regular trading volume of 50tpm, they sold 500t last year and have sold 300t this year. They expect to sell 40t in August, unchanged from last month, no stocks now.
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