BEIJING (Asian Metal) 19 Nov 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB97,000-100,000/t (USD6.4-6.6/lb V2O5) EXW D/A 180 days, up by RMB1,000/t (USD0.1/lb V2O5) from last week. Inquiries from traders increase significantly but few consumers would like to buy at high price level. Insiders believe prices of vanadium pentoxide flake would stay firm in the coming week.

A trader in Hunan claimed the current quotation for vanadium pentoxide flake 98%min he received stands at RMB100,000/t (USD6.6/lb V2O5) EXW D/A 180 days now, up by RMB1,000/t (USD0.1/lb V2O5) from last week. “We bought 30t at RMB99,000/t (USD6.5/lb V2O5) late last week and we are in no hurry to sell now. I learnt many traders like us are building stocks at the moment but consumers only make purcahse according to urgent need,” said the source. Considering the bidding from major steel mills is worth the wait, he believes prices of vanadium pentoxide flake 98%min would keep firm in the coming week.

With a trading volume of 60tpm, they sold 600t in 2018 and have sold 450t this year. They expect to sell 40t in November, down by 20t from October, holding 30t of stocks now, up by 15t from last month.

A trader in Fujian noted the lowest price for vanadium pentoxide flake 98%min he received stays at RMB99,000/t (USD6.5/lb V2O5) EXW D/P, up by RMB1,000/t (USD0.1/lb V2O5) from last week. “We bought 20t from overseas spot market at USD5.5/lb V2O5 early last week. If add the tariff and VAT, it’s about RMB98,000/t (USD6.5/lb V2O5),” said the source. Considering few suppliers in domestic market would like to drop their quotaiton to accept orders, he believes prices of vanadium pentoxide flake 98%min would keep firm in the coming week.

With a trading volume of 40tpm, they sold 480t in 2018 and have sold 320t this year. They expect to sell 40t in November, unchanged from October, holding 40t of stocks now, up by 20t from late last month.

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