RE: VBDeal Gradually Follows Up And People Are Cautious To Purchase High-priced Raw Materials16 May 2021 16:23
With all the noise over the last two days I thought it was probably worth highlighting my post from this morning in that “last week Pangang quotations for VN went from 170,000-172,000CNY/TON on Monday to 178,000-183,000CNY/TON by Friday”. That’s an incredible rise, it’s evident supplies are running tight, the squeeze is on - ignore those daft Wally trolls and keep your eyes on the prize!
VBDeal Gradually Follows Up And People Are Cautious To Purchase High-priced Raw Materials16 May 2021 06:40
www.ferroalloynet.com:This week due to commodity prices and raw material price adjustment, and Pangang price adjustment support the market. Vanadium products prices are up. At present, the vanadium market quotation is chaotic, the price changes quickly and the market circulation supply is tight. The manufacturers are reluctant to sell out, and the market transaction is not much. V2O5 flake price compared to the beginning of the week rose about 2500 CNY/Ton, and the current transaction price is in cash 116,500-117,000 CNY/Ton, and it’s difficult to purchase at low price. Following the price adjustment of V2O5 flake, metallurgical ammonium metavanadate98% price is in cash 110,000-112,000 CNY/Ton.
The price of VN is pushed up by the cost. Currently, the quotation is 178,000-183,000 CNY/Ton in cash, and the actual transaction price has also increased. Compared with the cash of 170,000-172,000 CNY/Ton at the beginning of the week, the current transaction price is 175,000-176,000 CNY/Ton. Alloy factory procurement activity of raw materials reduce, and some manufacturers reflect a fear of high price. Alloy rise speed is slow, and they remain cautious to purchase high-priced raw materials.
Sanchez the amount of damage you are doing for sentiment is incredible the trolls Twitter and Adfvn are having a field with what you are writing. Give it a rest , everything is going in the right direction , production per day is up , vanadium prices are up and still rising, Vanadium output expansion program is on track Electrolyte plant is moving forward , I know they are behind on this in the whole scheme of things is that a reason not to invest I thinks not? Enerox partnership is moving forward . We are literally at the start of gigantic game changer, it takes time to get all your chess pieces in place, honestly if you value the strength of a company by the monotone of a conference call then I suggest you team up with the clown on Adfvn an expert in running mining companies and thinks he can do better than Fortune and Mikhail (joke). Yesterday truthfully I was embarrassed to call myself member of the lse forum, a lot of you crying and throwing your rattles out of the prams , I don’t see any of the large II investors moaning because Fortune isn’t in happy clappy - the reason is they can stand back and see the true picture of how epic Bushveld is going to be.
Apols again (i need a run haha) 270 days ( not 180). Knowing estimated output and if vanadium prices stay where they are ( which they won’t) then sales for the year worst case scenario should be @ $133 mil dollars!!
Q1 output is a lot higher than I thought it would be considering we in effect lost 35 days maintenance + 5 days strike . It has actually gone from approx 9.7 tonnes per day to 13.7 tonnes per day!! § Q1 2021 Group production of 688 mtV (Q1 2020: 880 mtV) affected by the previously announced 35-day planned maintenance shutdown at Vametco, which was successfully completed on time and within budget, during the quarter.