Indian Vanadium Pentoxide Flake Prices Move Up
BEIJING (Asian Metal) 10 Feb 20 – Currently, mainstream prices for Indian vanadium pentoxide flake 98%min stand at USD5.6-5.9/lb V2O5 EXW D/P, up by 0.3/lb V2O5 from last week. As the supply situation keeps tight, most suppliers increase their quotation again and again. Insiders believe that prices of Indian vanadium pentoxide flake would go up furthur in the coming week.
A trader in India noted the current price for vanadium pentoxide flake 98%min he received stands at USD6.0/lb V2O5 EXW D/P and they can buy at USD5.8/lb V2O5 for firm bids, up by USD0.3/lb V2O5 from last week. “Prices of all vanadium products in India increased a lot due to the tight supply during the past week. We have closed deal for ferrovanadium 80%min at USD28/kg V last week and I heard prices have touched USD30/kg V now,” said the source. Their last deal for vanadium pentoxide flake 98%min was made late last week, when they bought 30t at USD5.5/lb V205. Considering the supply situation keeps tight, he believes that prices of Indian vanadium pentoxide flake 98%min would be above USD6.0/lb V2O5 in the coming week.
With a regular trading volume of 70tpm, they sold 700t in 2019 and have sold 60t so far this year. They expect to sell 60t in February, unchaged from last month. They have 30t of stocks now, down by 40t from January.
Another trader in India quotes their vanadium pentoxide flake 98%min at USD6.0/lb V2O5 EXW D/P and they can accept USD5.9/lb V2O5 for firm bids, up by USD0.4/lb V2O5 from last week. “Our last deal was made early last week, when we sold 40t at USD5.5/lb V2O5 to one of our regular clients. We can’t replenish inventory for tight supply in spot market now and we won’t accept any orders if prices are lower than USD5.9/lb V2O5 at the moment,” said the source. Considering inquiries keep active, he believes that prices of Indian vanadium pentoxide flake 98%min would increase by USD0.3/lb V2O5 in the coming week.
With a regular trading volume of 50tpm, they sold 600t in 2019 and have sold 50t this year. They sold 50t in February and expect the same volume as January, holding no stocks now, down by 40t from last month.
www.asianmetal.com
