BEIJING (Asian Metal) 21 Nov 19 – Currently, mainstream prices for Japanese vanadium pentoxide flake 98%min stand at USD6.3-6.5/lb V2O5 EXW D/P, unchanged from last week. Consumers only make purchase according to urgent need and the market keeps quiet. Considering prices of international vanadium market increase slightly, few suppliers would like to accept orders at low price level. Insiders believe prices of Japanese vanadium pentoxide flake would keep firm in the coming week.
A trader in Japan claimed the current price he received stands at USD6.4/lb V2O5 CIF Japan and can accept USD6.5/lb V2O5 EXW D/P for their clients, unchanged from last week. “We mainly buy from China and India. It’s hard to find resources below this price level now, so we mainly sell our history inventory at the moment,” said the source. He added, “Our last deal was made this Tuesday, when we sold 20t to one of our regular clients at USD6.5/lb V2O5 EXW D/P.” Considering low-price resources of overseas market are hard to see, he believes prices of Japanese vanadium pentoxide flake would keep firm in the coming week.
With a regular trading volume of 40tpm, they sold 400t in 2018 and have sold 300t so far this year. They expect to sell 40t in November, the same with October, holding 80t of stocks now, down by 20t from late last month.
A consumer in Japan noted the lowest quotation for vanadium pentoxide flake 98%min stays at USD6.2/lb V2O5 EXW D/P at the moment, the same with last week. “We only buy vanadium pentoxide flake from China and prices of our suppliers keep firm at the moment. So we didn’t change our quotation to our clients during the past week,” said the source. He added, their last deal was made early last week, when they bought 20t at USD6.2/lb V2O5. He believes prices of Japanese vanadium pentoxide flake would stay firm in the coming week.
With an annual consumption capacity of 360t, they consumed 300t in 2018 and have consumed about 220t this year. They expect to consume 25t in November, up by 5t from October, holding 40t of stocks now, unchanged from last month.
www.asianmetal.com
