Vietnam Vanadium Pentoxide Flake Prices Move Up
BEIJING (Asian Metal) 15 Nov 19 – Currently, mainstream prices for Vietnam vanadium pentoxide flake 98%min keep at USD5.0-5.3/lb V2O5 D.D.P., up by USD0.1/lb V2O5 from last week. Few suppliers would like to drop their price to promote sales and the demand keeps quiet. Considering the cost stands at high price level, insiders believe prices of vanadium pentoxide flake would edge up in the coming week.
A producer in Vietnam quotes their price for vanadium pentoxide flake 98%min at USD5.5/lb V2O5 D.D.P. and can accept USD5.3/lb V2O5 for firm bids, up by USD0.3/lb V2O5 from last week. “Our last deal was made early last week, when we sold 30t at USD5.0/lb V2O5. Our clients still want to buy at no more than this price level this week but no suppliers would accept,” said the source. He added, “The cost stands at USD5.0/lb V2O5. If the market can develop in healthy, prices should increase to above USD6.0/lb V2O5.” He believes prices of vanadium pentoxide flake 98%min would increase by USD0.5/lb V2O5 in the coming week.
With an production capacity of 1,200t, they produced 90t in October and expect the same volume in November, holding 50t of stocks now.
A trader in Vietnam claimed the current price he received stands at USD5.7/lb V2O5 D.D.P. and can buy at USD5.5/lb V2O5 for firm bids, up by USD0.5/lb V2O5 from last week. “Our downstream clients are watching the market now and they only make purchase according to urgent need. However, most suppliers refuse to accept orders at low price level now,” said the source. He added, “Some of our clients buy from Malaysia now, where the price is more competitive.” Their last deal was made early last week, when they bought 20t at USD5.0/lb V2O5. He believes prices of vanadium pentoxide flake 98%min would increase by USD0.3/lb V2O5 in the coming week.
With a regular trading volume of 40tpm, they sold 400t in 2018 and have sold 320t this year. They sold 40t in October and expect 20t in November. They have no stock at the moment, down by 20t from last month.
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