RE: SP Angel Earnings Upgrade for BMN13 Jan 2022 19:20
Vanadium prices.
European ferro-vanadium prices have increased since the beginning of the year, and some market participants expect the trend to continue as sellers hike their offers in response to potential supply shortages in the first quarter.
Ferro-vanadium prices were assessed today at $34-35/kg duty paid Rotterdam, up by around 5.3pc since the start of the year when they stood at $32.50-33/kg. Vanadium pentoxide flake prices have also edged up this week to $8.35-9.00/lb, having previously held firm at $8-9/lb since 9 December.
The price hikes are in part a reaction to news of flooding in the Bahia region of Brazil, which has impacted vanadium production in the region since late December, a producer confirmed. Sellers raised their offers on the expectation that the flooding could tighten global supply in January-February, with some traders currently offering ferro-vanadium as high as $35.50/kg
https://www.argusmedia.com/en/news/2291502-supply-fears-drive-eu-ferrovanadium-price-hikes