Member Info for Nickderby

20.4p to buy.

'The supply tightness of vanadium has yet to be eased for a long time. There are few transactions of spot cargoes, excluding the signed orders in advance. Traders who signed orders in adavnce are not earger to sell as they are bullish about the future market. Now, the highest quoation of ferrovanadium 50# sits at 300000 rmb/ton (cash, tax inclusive), while the transaction prices mostly sit in a range of 285000-290000 rmb/ton. Unable to guarantee the supplies of raw materials, the manufacturers dare not sign many orders, so some steel mills and traders prefer to sign orders in advance.'

$100 per kg is coming.... :)

https://www.vanadiumprice.com/fev-offers-keep-rising-amid-quite-tight-supply/

At 9.50am.

Trades - 2.366m

Sells - 524k
Therefore buys - 1.842m.

I think someone has just had a big chunk in the background.
Max buy reduced to 75,000 shares and bid has gone up to 19.3p.

Buys 670k
Sells 282k

YTSS, dropping the share price hasn’t worked for them so far. It has generated 2.8m more buys than sells. They need to raise the share price to get more sellers.

Aisee, the voice of reason...
Agreed 👍

YTSS, I held over 40m shares at one stage and my reduction was well documented due to the SIPP maximum lifetime limits. Probably before your time.

I now find the price too much of a bargain and so I am rebuilding my holding :)

Daisan, I can confirm that the 250k trade was definitely a buy.
It was mine! :)

'These levels represent a more than 10-year peak for ferro-vanadium, with prices now at their highest point since reaching $81.90-87.90 per kg in May 2008.'

$100 per kg coming soon....

'European FeV, V2O5 prices reach fresh highs
The European ferro-vanadium market surged last week amid increased interest for the material in the spot market.

Spot prices for European ferro-vanadium rose to $84.50-85.20 per kg on September 7, delivered duty-paid in Europe, up 1.3% from $83-84.50 per kg during the mid-week assessment.

Prices showed strength throughout the week, with prices now up 5.1% from $80.20-81.20 per kg on August 31.

These levels represent a more than 10-year peak for ferro-vanadium, with prices now at their highest point since reaching $81.90-87.90 per kg in May 2008.

Prices had been under marginal pressure since that point, after market activity largely fell dormant during the month of August.

Both consumer and traders alike have been seen in the market searching for material, with the market tighter than some expected.

“Traders ran themselves dry throughout the summer and now they want to buy back in, but they have to pay premium prices to do so,” a supplier source explained.'

European ferro-vanadium and vanadium pentoxide prices surged to fresh 10-year and 13-year highs respectively amid thin supply availability and increased activity levels in the week ended Friday September 7, while the Chinese export market firmed despite limited buying interest.

Chinese export prices bolstered by strength in domestic market
European FeV prices surge to fresh 10 year-high amid return of consumers, traders to spot market
European V2O5 prices reach 13-year highs amid limited availability of material
US FeV spot market remains dormant
China’s ferro-vanadium export prices rebounded slightly in response to strength in the domestic market, but transactions were limited with many buyers outside China still not back from holidays.

Metal Bulletin’s latest price assessment for fob China ferro-vanadium min 78% rose to $80-82 per kg on September 6, up from $79-82 per kg a week earlier, but buying interest remained low with many market participants not yet back from holidays.

“Domestic ferro-vanadium prices in China rose by 10,000 yuan ($1,458) per tonne, and I lifted my export prices to $86-87 [per kg] based on increased costs, but no deals have been concluded at this level,” a China-based exporter of ferro-vanadium told Metal Bulletin.

“The domestic market saw increased trading activity from some steel mills and market players are largely optimistic about the market outlook supported by the increased demand from rebar producers [due to China’s revision to standards of tensile strength in rebar products],” the above exporter added.

“We concluded a deal at $82 per kg and do not have spot cargoes to sell, apart from long-term orders,” a second exporter said, adding that a pick-up in buying activity had led to the price recovery in China’s domestic market.

Metal Bulletin’s price quotation for fob China vanadium pentoxide (V2O5) stood at $18.50-19 per Ib on September 6, a level it has maintained since August 16.

Demand for V2O5 has not yet recovered with some market participants still away on holiday, but few suppliers were offering in the export market due to the strength of the domestic market.

“I am quoting $19.30 per lb for V2O5 and I know prices will reach that level soon, even though the market is still lingering at around $19 currently, as supply remains relatively tight, while the demand for downstream products will surely increase as the implementation date of new rebar standard approaches,” a China-based V2O5 exporter told Metal Bulletin.

https://www.vanadiumprice.com/global-vanadium-wrap-european-ferro-vanadium-v2o5-prices-climb-to-multiyear-highs/

https://www.vanadiumprice.com/global-vanadium-market-moved-up/

19.48p to buy

'Currently, mainstream prices for Chinese ferrovanadium 50%min stand at RMB290,000-293,000/t (USD84.54-85.42/kg V) Inc-VAT EXW D/P, up sharply by RMB10,000/t (USD2.92/kg V) from last week. Due to the tight supply and high prices for the raw material vanadium pentoxide flake, most ferrovanadium producers held prices firm and sold cautiously. Quotations from some producers reached RMB300,000/t (USD87.46/kg V), but no bulk orders concluded at the price. Prices for Chinese ferrovanadium are expected to rise sharply in the coming week.

A ferrovanadium 50%min trader in North China said that they offer RMB300,000/t (USD87.46/kg V) for the material now, up by RMB10,000/t (USD2.92/kg V) from last week. He noted, “We used to be a ferrovanadium producer, but the production line was shut down because we could not get the raw material vanadium pentoxide. At present, we have been transformed into a trading enterprise. As ferrovanadium is in short supply now, we are in no hurry to sell at low prices.” He revealed that they last sold 5t of ferrovanadium 50%min at RMB290,000/t (USD84.54/kg V) last Friday. He predicted that Chinese ferrovanadium prices would move up sharply in the coming week.'

https://www.vanadiumprice.com/chinese-ferrovanadium-prices-soar-up-2/

Yachty, are you making this up? ;)

LS, thanks.
Vanadium prices are flying again! :)

Alfa, they went through in ‘Henry the Hoover’ style between 9.04am and 9.14am - 6 trades :)

There were 3 large sells in the last 10 mins, enabling the MMs to clear some of their deficit for the day. But the sells had no affect on the bid/offer, which remained around 19.875p/20.13p at the close.

I expect a warrant RNS shortly. Buys exceeded sells by a very large margin today. I await Alfa’s confirmation :)