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https://www.vanadiumprice.com/european-vanadium-pentoxide-flake-prices-increase/
BEIJING (Asian Metal) 20 Nov 19 – Currently, mainstream prices for European vanadium pentoxide flake 98%min stand at USD5.2-5.5/lb V2O5 in warehouse Rotterdam D/A 30 days, up by USD0.3/lb V2O5 from last week. Suppliers refuse to drop their quotation to accept orders and it’s hard to find low price level resources. Insiders believe prices of this material would edge up in the coming week.
A trader in Middle Europe quotes their vanadium pentoxide 98%min at USD5.5/lb V2O5 in warehouse Rotterdam D/A 30 days and can accept USD5.4/lb V2O5 for firm bids, up by USD0.3/lb V2O5 from last week. “I received an inquiry for 40t this Tuesday from China. The buyer wanted to make delivery at the port of China and their target price is no more than RMB97,000/t EXW D/P,” said the source. He added, “We closed the deal at RMB96,000/t CIF China at last.” Considering inquiries keep active at the moment, he believes prices of vanadium pentoxide flake 98%min would increase by USD0.2/lb V2O5 in the coming week.
With a regular trading volume of 80tpm, they sold 900t in 2018 and have sold about 800t this year. They expect to sell 80t in November, unchanged from October, holding 40t of stocks now, down by 40t from last month.
A trader in West Europe noted the lowest quotation for vanaidum pentoxide 98%min stands at USD5.3/lb V2O5 in warehouse Rotterdam D/A 30 days, up by USD0.2/lb V2O5 from last week. “Suppliers increase their quotation quickly, one of our suppliers has increased their quotation to USD5.5/lb V2O5 now. Though no consumers would like to buy at the moment, I believe dealing prices would touch this price level in the coming week,” said the source. Their last deal was made early last week, when they bought 20t at USD5.1/lb V2O5.
With a regular trading volume of 40tpm, they sold 440t last year and have sold 360t this year. They expect to sell 40t in November, unchanged from October. They have 40t of regular stocks in hand now, the same with last month.
https://www.vanadiumprice.com/esj-plans-to-invest-30-million-yuan-to-develop-vrb-in-xinjiang/
On November 11, Leshan Shengjia Electric Co., Ltd. announced that it plans to set up a wholly-owned subsidiary Xinjiang Shengjia Energy Co., Ltd. in Xinjiang with a registered capital of 30 million yuan, and its business scope is energy storage battery R & D, production and power station operation.
Shengjia Electric said that the purpose of this investment is to expand the energy storage market in Xinjiang and develop new areas of energy storage batteries.
It is understood that Leshan Shengjia Electric Co., Ltd. has Leshan Innovative Energy Storage Technology Research Institute Co., Ltd., which is engaged in research on liquid flow battery. Leshan Shengjia Electric Co., Ltd. also participated in the procurement of all vanadium liquid flow battery energy storage system equipment of Hebei Fengning wind storage demonstration project phase I project, but failed to win the bid.
Xinjiang has launched the pilot project of joint operation of photovoltaic energy storage, and the integrated operation of photovoltaic energy storage enjoys photovoltaic subsidies. The list of the first batch of projects shows that 10 companies including BECE, GUONENGYUXIN, Zhiguang energy storage, EAST, SUNGROW, State Grid Energy Conservation, SPES, DYNAVOLT TECH., Trina Solar and BAK Battery have joined 36 photovoltaic energy storage companies in southern Xinjiang, becoming the first pioneers of southern Xinjiang optical energy storage project. The total scale of the project is 221MW/446MWh.
It is currently buy one, get one free at the moment here. I really do believe that fair value right now is double the current SP.
I am buying more today. I recently owned 0.5% of the company but due the fantastic deals done by FM over the past few weeks I need to put my hand in my pocket to keep my percentage up!
time to continue taking advantage of the giveaway prices then. If anyone was waiting for Vanadium prices 'to turn' then I suspect that they will not be waiting much longer.
With our one even at 1000% it seems we wont break the 23p
it beggars belief this stock can bee very frustrating
Yup, and...
1) even better news when we've just taken ownership of an additional processing facility
2) FM has repeatedly shown himself to be a master of using such additional revenue and operating profit wisely - accelerating V processor upgrades, paying back obligations ahead of time, etc - and now with the additional opportunity to further expand and accelerate recently announced (and to be announced) investments in the BE space.
Wow 17% up - that's pretty significant
GLOBAL VANADIUM WRAP: Chinese vanadium market rebounds; European V2O5 price jumps by 17%
Export prices for ferro-vanadium and vanadium pentoxide (V2O5) in China rebounded last week, bolstered by strength in both the domestic and European vanadium markets; in Europe, tightened availability and a firmer ferro-vanadium market drove the V2O5 price up by around 17%.
China’s export price for ferro-vanadium gained some upward momentum on Thursday November 14, underpinned by the strength seen in both the domestic and international markets last week. Fastmarkets assessed the price of ferro-vanadium, 78% V min, fob China at $28-30 per kg on November 14, up by 5.5% from $26.50-28.50 per kg in the previous week. This is the first increase since late July when the price trended upward amid growing demand from Chinese steel mills, some of which had never bought vanadium products before, stockpiled certain volumes in preparation for the quality check on rebar in some regions at the time. The ferro-vanadium export market in China remained quiet last week with sparse buying interest captured from abroad. “We still did not receive any inquiries from abroad despite the recent narrowing of price gap between China and Europe,” a Chinese ferro-vanadium exporter said. The price differential between Chinese.
https://www.metalbulletin.com/Article/3904707/Search-results/GLOBAL-VANADIUM-WRAP-Chinese-vanadium-market-rebounds-European-V2O5-price-jumps-by-17.html