This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Vanadium Market Update (April 10, 2013)

Chinese vanadium prices made their first big move of 2013 during the last week of March — a move to the downside.

Chinese prices for vanadium pentoxide 98 percent fell 6.4 percent in the week ended March 28, according to Metal Pages. The price range fell to between 72,000 and 74,000 renminbi (US$11,608 to $11,931) per metric ton (MT). That's down from a previous 77,000 to 79,000 renminbi ($12,415 to $12,737) per MT.

Traders in China have noted that there will be great uncertainty over demand in the coming months. Once producer told Metal-Pages that the market is “oversupplied against relatively flat domestic demand.”

With nervous sentiment prevailing, some sellers are said to be offering material at discounted prices.

End users in the ferrovanadium smelting sector are holding out on new purchases, waiting to see if the market softens further before they lock in supplies, a Metal-Pages report notes.

European vanadium prices are faring better, with pentoxide fused-flake 98 percent holding steady at $6.40 to $6.80 per pound. Prices have more or less flatlined since the beginning of the year.

Vanadium Market Update (April 10, 2013) from Vanadium Investing News

null

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs