The main metals exchanges will release their numbers today. Expecting everyone to report FeV now over.$30 per kg. With production guidance for 2020 at around $17 per kg. making Vametco and Vanchem highly profitable With BE just been given the green light to forward their plans its a good time to be a BMN holder.
RE: niobium imports to china down13 Feb 2020 20:42
Fastmarkets released a statement at the beginning of the year that Ferro-niobium contracts signed for the year were $46 to $49 per kg. It's not rocket science why the Chinese have switched back to ferro-vanadium. Also manufacturing cost's are cheaper using ferro-vanadium, and Nobium can't be used as a substitute in the highest grade rebar standards.
Absoutle massive for BMN.... Extract from Ramaphosa's speech at SONA.
While SA's energy regulator would continue to register small-scale generation for own use of under 1 MW without the need for licences, the president also promised the regulator would ensure that all applications by commercial and industrial users to produce electricity for own use above 1MW are processed within 120 days.
"It should be noted that there is now no limit to installed capacity above 1MW," he said.
With a regular trading volume of 40tpm, they sold 40t in January but they have not closed any deals in February for lack of goods. They have no stocks now, down by 40t from last month.
Another trader in Japan noted the current price for vanadium pentoxide flake 98%min he received increased to USD7.5/lb V2O5 CIF Japan now, up by USD0.5/lb V2O5 from last week. “Our regular supplier cannot accept orders for immediate shipment as they have to inventory now,” said the source. Their last deal was made late January, when they bought 20t at USD5.5/lb V2O5 CIF Japan from Southeast Asia. He believs that prices of Japanese vanadium pentoxide flake 98%min would increase to USD8/lb V2O5 in the coming week.
With a regular trading volume of 60tpm, they sold 40t in January but have no deals in February yet. They have no stocks now, down by 20t from last month.
www.ferroalloynet.com Affected by the development of the epidemic, traffic control has been strengthened all over the country, some areas are only unable to enter, and raw materials purchased by alloy factories are simply unable to reach the destination. Several new vanadium nitrogen alloy plants were shut down this week. Some alloy plants have vanadium in stock, but the local government failed to approve the application for resumption of work. It is difficult to return to work in a short period of time, only to wait for the relevant notice from the government.
At present, the operating rate of ammonium metavanadate production enterprises is almost 0. There are only a handful of ferrovanadium factories that are in normal operation. Some vanadium and nitrogen alloy manufacturers are about to run out of raw materials due to the lack of raw materials purchased before the festival, and the raw materials purchased from other places are unable to enter, and the number of new manufacturers that stop production is increasing. At present, the normal production and operation of Chenggang of Pangang has tightened the overall market supply. Since last week, the price has been rising slightly. The international vanadium price has been on the upward trend. In the short term, the vanadium price will be better.
www.ferroalloynet.com: According to the international market transaction report of last Friday, the price of ferrovanadium in Europe remained stable for the time being. The price of V2O5 continued to rise compared with that a week ago, and the price of ferrovanadium in the United States also increased by a large margin. The trading price range of ferrovanadium in the European market was 29.5-30.7 USD/KgV, temporarily stable, convert into 50# ferrovanadium was 103,300-107,500 Yuan/ton. The price of vanadium pentoxide increased to 6.5-7.5 USD/LB V2O5, convert into V2O5 98% was 98,300-113,500 Yuan/ton, up 13500 Yuan / ton compared with a week ago; the price of ferrovanadium in United States is increased to 13-13.5 USD/LB V, convert into 50# ferrovanadium was 100,300-104,200 Yuan/ton. Today’s exchange rate is USD: RMB = 7.0024:1.
As of last Friday, although the price of ferrovanadium in the European market was temporarily stable, the market quotation was still strong, and the price of V2O5 in Europe, converted into RMB, was higher than the domestic market price. The strong vanadium price in the international market has a certain boosting effect on the domestic market. In addition, due to the impact of the epidemic in China, the start-up is delayed, the logistics is blocked, and the spot circulation volume is not large. The spot price of domestic vanadium products also continues to rise. It is expected that it will be difficult to fully recover the domestic start-up and logistics in the short term, and the price will continue to rise in the case of poor supply.
A rise of 1.3p to 50p was achieved in 12 months just on the back of a Vanadium price spike which is gathering pace again right now. So all this 3 to 5 years bull carp just shows how poorly you are researched or your post is agenda driven.
@SOTRR..." Then we have the electrolyte plant where still not a brick has been laid or a tender awarded." Those who go the extra mile will have seen a satellite image on the 27th January of the Elidz site clearly showing work was underway. I believe you were one of those people.
Not my bag but when the V price starting rising last time the SP was hardly following as the bears were harping on about missed production targets. Then some of our numbers guys reported that we were making approx $1 million per week profit. Then amazingly the SP started rising rapidly.
Fastmarkets numbers have always been used by BMN for their price assessments in RNS's The 3 main metals markets always vary somewhat on their spot prices, always quoting an average. Fastmarkets (metal bulletin) actually release trade logs of the actual amount of V and the price achieved, which Imo is a much better guidance.