1/2
The latest Chinese vanadium market update and shows bullishness.
It's the middle of the month and so steel mill bidding is at best sporadic and market weakness should be expected.
However, key V205 prices simply aren't giving any ground and it's hard to...
#BMN
The latest Chinese vanadium market update and shows bullishness.
It's the middle of the month and so steel mill bidding is at best sporadic and market weakness should be expected.
However, key V205 prices simply aren't giving any ground and it's hard to...
#BMN
2/
find supplies from large factories.
Rather interestingly ammonium metavanadate prices are also creeping higher, whilst everyone else is deadlocked but reluctant to accept lower prices.
Larger factory prices such as Pangang will be interesting to see later in the month.
find supplies from large factories.
Rather interestingly ammonium metavanadate prices are also creeping higher, whilst everyone else is deadlocked but reluctant to accept lower prices.
Larger factory prices such as Pangang will be interesting to see later in the month.
3/4
Latest vanadium price report and the wording on raw materials (V205).
"some (V205) manufacturers think the price will rise, so the offer is firm.
"V2O5 flake price is in cash 111,000 CNY/Ton."
#BMN
Latest vanadium price report and the wording on raw materials (V205).
"some (V205) manufacturers think the price will rise, so the offer is firm.
"V2O5 flake price is in cash 111,000 CNY/Ton."
#BMN
4/
The price of V205 in China is already sitting at its year high.
A push north now just ahead of the steel mill bidding is in my view significant and should take us beyond that $8 per lb key resistance level.
One to watch for sure.
The price of V205 in China is already sitting at its year high.
A push north now just ahead of the steel mill bidding is in my view significant and should take us beyond that $8 per lb key resistance level.
One to watch for sure.
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