BEIJING (Asian Metal) 21 Feb 20 – Currently, mainstream prices for Vietnamese vanadium pentoxide flake 98%min stand at USD6.5-6.7/lb V2O5 EXW D/P, down by USD0.1/lb V2O5 from last week. As inquiries stay soft, suppliers can hardly close deal at higher price level. Insiders believe that prices of Vietnamese vanadium pentoxide flake would drop slightly in the coming week.

A producer in Vietnam quotes their vanadium pentoxide flake 98%min at USD7.0/lb V2O5 EXW D/P and they can accept USD6.7/lb V2O5 for firm bids, down by USD0.3/lb V2O5 from last week. “We just sold 40t to one of our South Korean clients at USD6.7/lb V2O5 this Wednesday,” said the source. He added, “Some regular clients only want to buy at no more than USD6.5/lb V2O5 at the moment.” Though they didn’t accept the purchase demand due to lack of inventory, he believes that prices of Vietnamese vanadium pentoxide flake 98%min would drop to USD6.5/lb V2O5 in the coming week.

With a production capacity of 1,200tpy, they produced 90t in January and expect the same volume in February, holding no stocks now.

Another producer in Vietnam noted their current quotation for vanadium pentoxide flake 98%min at USD7.0/lb V2O5 EXW D/P but they can only close deal at no more than USD6.5/lb V2O5, down by USD0.2/lb V2O5 from last week. “We mainly sell to Chinese consumers. Our regular clients refuse to buy as the wharf are fulled of ships in China, few of them can unload due to China’s plague,” said the source. Their last deal was made early February, when they sold 20t at USD6.5/lb V2O5. They would accept orders at the same price level for firm bids. He believes that mainstream prices of Vietnamese vanadium pentoxide flake 98%min would keep weak at USD6.5/lb V2O5 in the coming week.

With an annual production capacity of 2,400t, they produced 180t in January and expect 160t in February, holding 40t of stocks now.

www.asianmetal.com