In my view, prices should increase in the short-mid term. Margins at steel mills are improving of late as iron ore prices fall and steel prices remain steady, meaning that mills may be more willing than previously to increase their bidding price. The alternative is to let VN and FeV producers close. Steel mills are now required by law to meet certain standards and, while FeNb is an alternative alloy, CBMM and other niobium producers are already currently at capacity servicing the European and US markets. Therefore, if V2O5 producers recognise this, which I’m sure they have, they have very little incentive to drop prices. They shall lose some income in the short term as some FeV and VN producers stop purchasing their material, but when Chinese steel mills return, as they must, VN and FeV producers shall be required back online and V2O5 consumption shall return. This is unless Chinese steel production falls significantly.
- Forums
- ASX - By Stock
- Ann: Major Project Status Awarded to Australian Vanadium Project
In my view, prices should increase in the short-mid term....
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $129.4M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $15.70K | 1.047M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
66 | 26346220 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 4111950 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 26146220 | 0.014 |
28 | 8366594 | 0.013 |
25 | 6808331 | 0.012 |
9 | 2036386 | 0.011 |
13 | 5142750 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 4111950 | 14 |
0.016 | 20152933 | 32 |
0.017 | 7651168 | 25 |
0.018 | 4794118 | 12 |
0.019 | 2645031 | 6 |
Last trade - 11.46am 01/10/2024 (20 minute delay) ? |
Featured News
AVL (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online