RE:RE:RE:RE:Fastmarket MB Euro FeV surge 9.5%Therookie88 wrote: Why not? I seen bigger falls then that on a weekly basis on the way down it has to work both ways lol.. guess we'll have to wait to find out
V2O5 is the main raw material for making FeV among other ingredients.
The mid-price of Euro Fev (80% vanadium) = US$32.6/kg.
At US$8/lb Euro V2O5 mid price would represent 54% of the Euro FeV (80%) mid price, a cost ratio which is unlikely to be accepted by the Euro FeV makers unless they raise the FeV mid price even higher. As per conventional wisdom, the range is between 47% - 50%. Even at a 51% ratio, the V2O5 mid-price would = US$7.5/lb if the FeV mid-price = US$32.6/kg. I’m talking about “likely” / “unlikely” as an educated guess but anything can happen in real life so who knows?