Trade Log September 2019: Ferro-vanadium, V2O5

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.To view the latest price assessments, follow the links below:

Europe
– Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V
– Vanadium pentoxide 98% V2O5 min, in-whs Rotterdam, $/lb V2O5

China
– Ferro-vanadium 78% V min, fob China, $/kg V
– Vanadium pentoxide 98% V2O5 min, fob China, $/lb V2O5

Friday September 6
Ferro-vanadium – $30.15-31.1 per kg
– 3 tonnes sold at $30.2 per kg in Europe
– Prices indicated at $30.6-31.1 per kg in Europe
– Prices indicated at $31 per kg in Europe
– Offer at $32 per kg in Europe
– Prices indicated at $31 per kg in Europe
– Offer at $31.5 per kg in Europe
– Offers at $30.3-30.5 per kg in Europe
– 5 tonnes sold at $30.5 per kg in Europe
– 5 tonnes sold at $30.15 per kg in Europe
– Offer at $29.5 per kg in Europe

V2O5 – $7.5-8.5 per lb
– Prices indicated at $7.25-8.25 per lb in Europe
– Prices indicated at $7.25-8.25 per lb in Europe
– 17 tonnes sold at $8.75 per lb in Europe
– 10 tonnes bought at $8.5 per lb in Europe
– 10 tonnes offered at $8.65 per lb in Europe
– Bid at $8.5 per lb in Europe
– Prices indicated at $8.5 per lb in Europe
– Material reportedly sold at $8.5 per lb in Europe
– Bid at $8.1 per lb in Europe

Fastmarkets’ price assessment for vanadium pentoxide of $7.5-8.5 per lb, in warehouse, is up 25 cents at both ends of the range from $7.25-8.25 per lb previously.
A sale was reported at $8.75 per lb but was viewed as an outlier in the context of material being readily available to consumers and was not considered in the final assessment.
Two producers saw the market at $7.25-8.25 per lb, unchanged from the previous week’s assessment.
A trader made a purchase at $8.5 per lb and received an offer at $8.65 per lb, while also receiving bids at $8.5 per lb. He assessed the market at $8.5 per lb.
A second trader heard of a deal concluded at $8.5 per lb and received a bid at $8.1 per lb.
Spot liquidity picked up – market participants are slowly coming back to the market following the summer holiday in Europe.
Business was concluded up to the new high end of range, which is also in line with bids, assessments and deals reported to Fastmarkets. We await further deals from other parties before moving the range any further.

Thursday September 5
Ferro-vanadium – $35.50-38.50 per kg
– Prices indicated at $37.50-38 per kg fob China
– Prices indicated at $38.50 per kg fob China
– Bids at $31-32 per kg fob China
– Prices indicated at $36-37.50 per kg fob China
– Prices indicated at $34-35 per kg fob China
– Prices indicated at $35-37.50 per kg fob China
– Prices indicated at $35.50 per kg fob China
– Prices indicated at $35.50 per kg fob China
– Prices indicated at $37.50-39 per kg fob China
– Prices indicated at $35.50-37.50 per kg fob China

V2O5 – $8.20-8.50 per lb
– Prices indicated at $8.40-8.50per lb fob China
– Prices indicated at $8.20 per lb fob China
– Prices indicated at $8.20-8.50per lb fob China
– Prices indicated at $8.20 per lb fob China
– Prices indicated at $8.40-8.5 per lb fob China
– Prices indicated at $8.20-8.50 per lb fob China
– Prices indicated at $8.20-8.30 per lb fob China

Wednesday September 4
Ferro-vanadium – $30.60-31.10 per kg
– 5 tonnes sold at $30.80 per kg in Europe
– Prices indicated at $31 per kg in Europe
– 10 tonnes offered at $31 per kg in Europe
– 5 tonnes offered at $30.95 per kg in Europe
– 8 tonnes sold at $31.10 per kg in Europe
– Offer at $31.50 per kg in Europe
– 10 tonnes sold at $31.10 per kg in Europe
– Prices indicated at $30 per kg in Europe
– Prices indicated at $30.50-31 per kg in Europe
– Prices indicated at $31 per kg in Europe
– Offer at $31 per kg in Europe
– 10 tonnes sold at $30.60 per kg in Europe
– 12 tonnes sold at $31 per kg in Europe
– Prices indicated at $30-31 per kg in Europe
– Offers at $30.20-31 per kg in Europe
– Prices indicated at $30.50-31 per kg in Europe
– 5 tonnes offered at $30.80 per kg in Europe

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