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US ferro*vanadium spot prices have shot up
US ferro-vanadium spot prices have shot up as the effects of tight supply, stronger demand and a trade case filed against South Korean imports have rippled across the sector.
The commodity rose by more than a dollar in Metal Bulletin sister title AMM?s latest assessment to a range $8.30 to $8.50 per lb from a range of $7.30 to $7.80 per lb * a notable increase considering ferro*vanadium was the worst ferro*alloy performer of 2015, with average prices tumbling 53.97% over the course of the year. While not yet back to January 2015's highs of $12.50 to $13.20 per lb, ferro*vanadium has certainly come around, now up about 45% from a range of $5.70 to $5.90 at the start of the year. "There's a lot of news in the industry that hasn't really been taken into consideration for a long time, and the market is now starting to respond," one supplier source said. Download article .pdf
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
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