BEIJING (Asian Metal) 11 Feb 20 – Currently, mainstream prices for Japanese vanadium pentoxide flake 98%min stand at USD6.5-7.0/lb V2O5 CIF Japan, up by USD1.0/lb V2O5 from last week. As the supply in spot market keeps tight, most consumers can hardly find enough raw materials. Insiders believe that prices of Japanese vanadium pentoxide flake would keep increasing in the coming week.

A consumer in Japan noted the lowest price for vanadium pentoxide flake 98%min he received stands at USD7.0/lb V2O5 CIF Japan now, up by USD1.0/lb V2O5 from last week. “We just bought 20t at USD7.0/lb V2O5 flake 98%min this Monday and our regular supplier refuses to accept any orders below this price level now,” said the source. He added, “It’s hard to find enough raw materials for us now. We would consider to replenish more stocks if anyone who can supply at the same price level.” Considering the supply situation stays tight, he believes that prices of Japanese vanadium pentoxide flake 98%min would increase by USD0.5/lb V2O5 in the coming week.

With an annual consumption capacity of 1,200t, they consumed 1,100t in 2019 and have consumed 120t so far this year. They expect to consume 90t in February, unchanged from January. They have 60t of stocks now, down by 40t from last month.

A trader in Japan claimed the current price for vanadium pentoxide flake 98%min he received stands at USD7.5/lb V2O5 CIF Japan and they can buy at USD7.0/lb V2O5 for firm bids, up by USD0.5/lb V2O5 from last week. “Our last deal was made early last week, when we bought 40t at USD6.5/lb V2O5,” said the source. He added, “Due to the tight supply situation in spot market, we are considering to sign long-term supply contract with our regular supplier who can supply 40tpm from Southeast Asia.” He believes that dealing prices of Japanese vanadium pentoxide flake 98%min would increase to USD7.5/lb V2O5 in the coming week.

With a regular trading volume of 60tpm, they sold 650t in 2019, down by 50t from 2018. They expect to sell 40t in February for tight supply, down by 20t from January. They have 40t of stocks now, down by 40t from last month.

www.asianmetal.com