BEIJING (Asian Metal) 15 Nov 19 – Currently, mainstream prices for Indian vanadium pentoxide flake 98%min stand at USD5.2-5.5/lb V2O5 D.D.P., up by USD0.3/lb V2O5 from last week. Suppliers are in no hurry to reduce their stocks and it’s hard to find low price goods in spot market. Insiders believe prices of Indian vanadium pentoxide flake would keep firm in the coming week.
A trader in India quotes their vanadium pentoxide flake 98%min at USD5.6/lb V2O5 D.D.P. and can accept USD5.5/lb V2O5 for firm bids, up by USD0.3/lb V2O5 from early last week. “Our last deal was made late last week, when we sold 20t at USD5.3/lb V2O5. We have no inventory pressure now and we are in no hurry to sell now,” said the source. Considering the supply situation in spot market keeps tight, he believes prices of this material would stay firm in the coming week.
With a regular trading volume of 50tpm, they sold 550t in 2018 and have sold 500t this year. They expect to sell 50t in November, unchanged from October, holding 15t of stocks now, down by 15t from last month.
Another trader in India claimed their vanadium pentoxide flake 98%min at USD5.5/lb V2O5 D.D.P. and can accept USD5.3/lb V2O5 for firm bids, up by USD0.2/lb V2O5 from last week. “I received an inquiry for 20t this Wednesday but the buyer only wanted to buy at no more than USD5.0/lb V2O5,” said the source. They didn’t close deal at last. Their last deal was made early last week, when they sold 20t at USD5.1/lb V2O5. Considering the market stays in a stalemate, he believes prices of vanadium pentoxide flake 98%min would keep steady in the coming week.
With a regular trading volume of 40tpm, they sold 440t in 2018 and have sold 380t this year. They sold 40t in October and expect the same volume in November. They have 20t of stocks now, unchanged from last month.
www.asianmetal.com
