V2O5 @ $25!$!$V2O5 @ $25!$!$
Last Fridays Metal Bulletin range was $22.25-$23.
This week, Asian Metal reported Rotterdam pentoxide gaining 1.52%, 1.5%, 2.95%, and as of right now 2.86%.
The following is a guesstimate of where MB is now.
On the high end of the range ($23) the daily gains would be $.35, $.35, $.70, and $.70 bringing the price to $25.10.
Low end $24.28
Mid range $24.69.
Also, a report out of China quoted vanadium @ 380,000 Yuan or $55,202 US per tonne. About $25.04 per pound of pentoxide. Producers are out of vanadium and suspending quotes.
"Sep 27, 2018
Three major manufacturers of V2O5 flake (Tranvic, Jianlong and Desheng) have very few spot cargoes and suspend quotation. Other manufacturers, such as Liaoning Hongjing, Zhejiang Yudian and Jinzhou Jixin, supply according to the signed orders (the latest selling price of 380000 rmb/ton), and don’t sign orders at present this month. Few traders have dozens of tons of V2O5 flake but they give no offers and don’t want to sell as the future market is seen bullish."
Good Luck To All!$!$