BEIJING (Asian Metal) 30 Mar 20 – Currently, mainstream prices for Brazilian vanadium pentoxide flake 98%min stand at USD5.1-5.3/lb V2O5 FOB Brazil, down by USD0.2/lb V2O5 from last week. Affected by the virus, inquiries are rare to see at the moment and suppliers could hardly close deal at high price level. Insiders believe that mainstream export prices Brazilian vanadium pentoxide flake would keep steady in the coming week.
A trader in Brazil notes the current prices for vanadium pentoxide flake 98%min he received stand at around USD5.5/lb V2O5 FOB Brazil and they could accept USD5.3/lb V2O5 for firm bids, down by USD0.2/lb V2O5 from last week. “Our last deal was made late last week, when we sold 20t at USD5.2/lb V2O5,” said the source. He added, “Here we are in social restriction due to the virus. We started restriction two weeks ago, now most of companies closed. We are working at home office now. We need to check prive and real possibility to supply actually. Be carefull with offers this moment, it’s time for buyers to save money.” He believes that mainstream prices of Brazilian vanadium pentoxide flake would stay weak in the coming week.
With a regular trading volume of 40tpm, they could sell at most 200tpm. They expect to sell 40t in March, unchanged from February, holding 20t of stocks now.
Another trader in Brazil claimes the current price for vanadium pentoxide flake 98%min he received stands at USD5.4/lb V2O5 FOB Brazil and they could buy at USD5.1/lb V2O5 for firm bids, down by USD0.3/lb V2O5 from last week. “We bought 20t at USD5.1/lb V2O5 early last week and we would like to sell at more than USD5.2/lb V2O5. However, our clients only wanted to buy at no more than USD5.0/lb V2O5,” said the source. He added, “We must guarantee at least USD0.1/lb V2O5 for basic profit margin or we would not accept any orders.” Considering the virus situation stays serious in Brazil, he believes that mainstream prices of Brazilian vanadium pentoxide flake 98%min would be steady in the coming week.
With a regular trading volume of 20tpm, they sold 20t in February and expect the same volume in March, holding 20t of stocks now.
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