USING VANADIUM Vanadium is used in many industries and...

First 44 Last

Share
Profile

Follow
Process1

1,431 Posts.

267

27/10/18

17:36

Post #: 36285355
Share

Originally posted by Process1 ↑

Vanadium prices soar in China and set to break new 13 years record in Europe

"Metal Bulletin reports that strong vanadium demand in anticipation to the new rebar regulation coming into force in November this year in China has accelerated the recent price increase. Prices were reported at US$115/kg last week compared to US$107/kg a week earlier, a 7.5% increase.

“Domestic consumers and rebar mills are stockpiling and [transaction] prices keep increasing. Exporters prefer to sell in [the] domestic market owing to favorable prices as the uptrend in [the] overseas market [has] lagged behind China,”

an exporter/trader of ferro-vanadium said.

“Our offers will be around $140 [per kg] based on domestic levels, and I know it is hard to accept for foreign buyers but we will not sell at low levels,”

the same exporter said.

In Europe, prices are yet steady, with a modest 1% increase last week but industry participants expects the recent price move in China to have an impact in the near future.

“It seems as though consumers are holding off for a second to digest the recent big price moves,”

a supplier source said.

“If you can find a number from China right now, it is going to be a big one. And that is only if you can find one because they really aren’t offering much if at all for export. They need everything they can get,” another supplier source said.

In the US prices have been tracking the overseas market and stock levels are low. Market participants expect prices to continue to climb in step with the global markets".

Expand

USING VANADIUM

Vanadium is used in many industries and applications, from automobiles, power generation, and hand tools, to ships, industrial tools and aeroplanes. Click on the images below to see and learn about many examples.

http://vanitec.org/vanadium/using-vanadium

TMT Price at posting: 52.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

There are more pages in this discussion • 31 more messages in this thread...

First 44 Last

Add TMT (ASX) to my watchlist

USING VANADIUM Vanadium is used in many industries and...

Top Stories

Scientific conference spotlights PYC's work on blindness disease treatment

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Sales growth pushes Lovisa's fortunes (and shares) upwards

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL