Friday, July 19, 2019 12:39:36 PM
https://www.metalbulletin.com/Article/3884782/Vanadium/NOBLE-ALLOYS-MARKET-REPORT-1907-Ferro-vanadium-up-27-on-rise-in-spot-activity.html
Reports last week of V2O5 being offered at $8, $9 and $10 per pound in Europe!
– Offer at $10 per lb in Europe
– Offers at $8.7-9.05 per lb in Europe
– Offer at $8.8 per lb in Europe
– 3 tonnes bid at $8.3 per lb in Europe
https://www.vanadiumprice.com/trade-log-july-2019-ferro-vanadium-v2o5-3/
Chinese Environmental Teams Conducting Month Long Inspections...
"On the afternoon of 15 July, the second central ecological environment protection inspection team held the central ecological environment protection inspection mobilization meeting in Fuzhou. So far, all inspection teams of the first batch of the second round central ecological environment protection inspection were in place. As arranged, the inspection will last for one month. "
Chinese Vanadium Producer Halts Production Due To Environmental Issue
BEIJING (Asian Metal) 19 Jul 19 – Due to serious environmental protection situation, Tangshan Yiliansheng Roll Co., Ltd., with an annual demand of 360t of ferrovanadium, halted production early this week. The company plans to resume production two months later and suspend ferrovanadium purchase during the suspension, a source told Asian Metal.
“Currently, all foundry enterprises in Tangshan are out of production with the main reason of serious environmental protection. We also shut down the production line early this week. Now, the inventory of ferrovanadium can support production for a month,” said the source. The company uses hot rolling technology and takes many kinds of ferroalloys including ferrovanadium as raw material. It is out of production now and waits on the sidelines and all the purchasing plan of raw material is put off until the resumption of production.
https://www.vanadiumprice.com/yiliansheng-roll-halts-production-for-maintenance-and-suspends-ferrovanadium-purchase/
Raw Materials Scarce In China
"The price of vanadium has risen, traders are eager to make inquiries, and alloy factories have received few orders in recent two days. Because raw materials are not easy to purchase, some manufacturers no longer accept orders; a small number of manufacturers can accept orders, but the offer from raw material end is on the high side."
Chinese Traders Reporting Tight Supply, No spot Material, Higher Prices Next Week!
BEIJING (Asian Metal) 19 Jul 19 – Currently, mainstream transaction prices for Chinese vanadium pentoxide flake 98%min are (USD8.2-8.4/lb V) Suppliers intentionally hold back from selling, so the spot supply is relatively tight now. Market players believe Chinese vanadium pentoxide flake prices would keep firm in the coming week.
A trader in Northwest China said now their company mainly sells the previous inventory and doesn’t accept orders with prices less than (USD8.4/lb V) for vanadium pentoxide flake 98%min, He said, “This Thursday, a buyer sent an enquiry and wanted to buy 30t of spot vanadium pentoxide flake 98%min at (USD8.2/lb V), but I rejected him.” He revealed, “At present, large-sized plants don’t sell in large quantity, so it is hard to buy spot material. Thus, I believe prices would go up by at least (USD0.2/lb V) in the coming week.” The company made its last deal early this week and bought 20t of vanadium pentoxide flake 98%min at (USD8.2/lb V)
A consumer in South China said that now the spot prices for vanadium pentoxide flake 98%min he has received from suppliers are all around (USD8.4/lb V) up by (USD0.2/lb V) from last week. He said, “Currently, large-sized plants mainly produce for long-term orders and there is no spot supply, so we have to buy spot material from traders. We made our last purchase late last week and bought 20t of vanadium pentoxide flake 98%min at (USD8.2/lb V) He added, “Due to the continuous increase of vanadium pentoxide flake prices and tight spot supply, we have to purchase ammonium metavanadate 98%min for replacement. As the supply is tight in market, he expects prices for Chinese vanadium pentoxide flake would move up to (USD8.6/lb V) in the coming week.
https://www.vanadiumprice.com/chinese-vanadium-pentoxide-flake-prices-increase-6/
Manufacturers are Reluctant to Sell and Vanadium Prices Have Edged Up This Week
BEIJING (Asian Metal) 19 Jul 19 – Currently, mainstream transaction prices for Chinese vanadium pentoxide powder 98%min stay at (USD8.2-8.5/lb V) up by (USD0.1/lb V) from last week. He said, “Now suppliers keep raising their quotations. When we made purchases directly from producers, we always encounter traders who compete against us with higher prices.
He said, “Now spot supply of the material is tight. We purchased 30t of vanadium pentoxide powder 98%min at (USD8.3/lb V) late last week, and are in no hurry to make sa.es now.” He added, “We received an enquiry from a client who intended to buy all the material (USD8.4/lb V). We required the client to make a 100% down payment, while they insisted in making the payment one week after they have received the material. Finally the deal was not concluded.” Owing to tight market supply, the source believes that prices for Chinese vanadium pentoxide powder would stay firm in the coming week.
Good Luck To All!$!$
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