Largo Inc T.LGO

Chinese V205 Quoted As High As $24.72 per pound?

[Slashnuts]

 

Am I reading this correctly? Small producers and traders quoting as high as $24.72?Mainstream producers quoting at $20. Small producers quoting at a difference as high as $4.72.

Date: Sep 19, 2018

BEIJING (Asian Metal) 19 Sep 18 – As Chinese vanadium pentoxide flake is in tight supply at present, small producers and traders sharply raised their quotations firstly. The vanadium pentoxide flake market saw chaotic price increase with the price difference being as high as RMB70,000/t (USD4.72/lb V). According to the overall transactions on spot market, the mainstream prices for the material that Asian Metal shared were RMB295,000-298,000/t (USD19.89-20.10/lb V) Inc-VAT EXW D/P, up by RMB10,000/t (USD0.67/lb V) from last week. It is predicted that Chinese vanadium pentoxide flake prices would keep rising in the coming week.

Update: 9/20/18 Mainstream producers V2O5 quotes jump again. Another 3% overnight!

• 
• Vanadium Pentoxide - Flake 98%min EXW China
• 310,500
• 2.99%
• 11.64%
• 11.96%
• 14.63%

• 
• Ferro-nickel - 1.5%min EXW China
• 3,550
• 2.9%
• 2.56%
• 2.73%
• 3.67%

• 
• Vanadium Nitride - N 14%min EXW China
• 477,500
• 2.8%
• 12.01%
• 13.06%
• 14.52%

• 
• Ammonium Metavanadate - 98%min EXW China
• 297,500
• 2.76%
• 15.74%
• 18.25%
• 20.39%

• 
• Ferro-vanadium - 80% FOB China
• 93
• 2.76%
• 14.02%
• 15.23%
• 17.41%

• 
• Cobalt Metal - 99.3%min EXW Russia
• 5,600
• 2.75%
• 0.39%
• -1.82%
• -6.52%

• 
• Ferro-vanadium - 50%min Delivered China
• 336,500
• 2.75%
• 16.64%
• 18.84%
•  

Good Luck To All!$!$