Weekly Report of Vanadium Alloy Market(11.30-12.04)

  • Friday, December 4, 2020
  • Source:ferro-alloys.com

  • Keywords:V2O5,ferrovanadium,vanadium,VN
[Fellow]Vanadium increase narrowed;

[Ferro-Alloys.com

Vanadium increase narrowed

Vanadium Alloy market newsletter:                                                               unit:10,000 yuan/ton

Specification 

Mon

Tue

Wed

Thu

Fri

Up and Down

98% 

flake V2O5

8.0-8.2

8.0-8.2

8.2-8.4

8.2-8.4

8.2-8.4

ferrovanadium 50#

9.0-9.2

9.0-9.2

9.0-9.2

9.0-9.2

9.0-9.2

-

V80N16

12.5-12.7

12.7-12.9

12.7-12.9

12.7-12.9

12.7-12.9

The domestic vanadium market continued to rise this week, but price increases narrowed slightly from last week. The steel factory has issued the bidding order one after another to drive the overall atmosphere of vanadium city to be positive and good, but some manufacturers quoted prices are chaotic, the upstream and downstream exist the situation of pulling saw to support the price. As of Friday, the price of 98% flake V2O5 is 82,000-84,000 yuan/ton; the price of ferrovanadium is 90,000-92,000 yuan/ton; the price of VN alloy is 127,000-129,000 yuan/ton. It is understood that a large domestic enterpriseV2O5 quote in 83,500 yuan / ton acceptance, slightly higher than the previous price. The price of ferrovanadium 50# is between 90,000-92,000  yuan / ton, the purchase price of vanadium iron of Laigang is 90,800 yuan / ton, the purchase quantity is 30 tons, Hebei iron and steel purchase vanadium iron 130 tons, the demand of vanadium iron is weak, the overall market rise is weak. VN alloys are generally quoted up, most manufacturers quote at 133,000-135,000 yuan / ton, a small number of quotations as high as 137,000 yuan / ton, the market quotation is more chaotic, but the mainstream transaction price is still at about 131,000 yuan / ton acceptance. In December, the inquiry price of vanadium nitrogen alloy in Laigang was 131,000 yuan / ton, including tax acceptance and purchase volume was 180 tons; the purchase price of VN alloy in Baigang was 131,200 yuan / ton, and the purchase volume was 40 tons; Hebei Iron and Steel issued December VN alloy bidding demand was 180 tons. Panzhihua Iron and Steel Co., Ltd. issued a vanadium price notice this morning, the external quotation has been raised, of which VN16 VN alloy quotation increased by 3000 yuan / ton to 135,000 yuan / ton including tax acceptance and ferrovanadium 50# quotation increased by 2000 yuan / ton to 93,000 yuan / ton including tax acceptance. With the release of domestic steel enterprises demand, the domestic vanadium alloy formed a good support.

For more ferroalloys market information, please click http://www.ferro-alloys.cn/ .

International Vanadium Industry

AVL signed a new MOU with V-Flow Tech Pte Ltd

This week, the company also  Singapore-based vanadium redox flow battery (VRFB) manufacturer, V-Flow Tech Pte Ltd which provides opportunities relating to VRFBs and includes development of: Vanadium products (V2O5) offtake to V-Flow in Singapore to support global battery sales; Vanadium electrolyte manufacture and supply in Australia for V-Flow VRFBs; Sales agreement with AVL’s 100%-owned subsidiary VSUN Energy for VRFB sales in Australia; and VRFB service and maintenance.

The MOU is non-binding and for a term of two years with an option to renew for a further 12 months by agreement in writing, with a 30-day notice period on either side for termination.

Australian Vanadium signed an MOU with ATCO Australia for the supply of green hydrogen

Recently, Australian Vanadium signed an MOU with ATCO Australia for the supply of green hydrogen for the company’s planned processing plant near Geraldton.

ATCO is one of seven proponents shortlisted by the Australian Renewable Energy Agency (ARENA) under the Renewable Hydrogen Deployment Round to develop a project for the commercial-scale production of hydrogen gas in Australia.

The MOU provides a basis for negotiations to establish a binding offtake agreement, with the intention for ATCO to supply 10% of the total gas requirements with green hydrogen.

Managing director Vincent Algar said: “Working with a company of ATCO’s calibre will enable AVL to use green hydrogen in the natural gas supply, thereby reducing our carbon footprint.

“We are excited to be part of creating local industrial consumption markets for an emerging hydrogen industry in Western Australia.”

Australian Vanadium Industry  Signed MOU of 2000 Tons of V2O5 with American Manufacturers

Australia's vanadium industry has signed a binding memorandum of understanding with the chemical producer United States vanadium on future vanadium from the vanadium project of Western Australian miners.

According to a report submitted on 2 December, the parties agreed to undertake framework negotiations on the annual supply of 2000 tons of vanadium pentoxide, which represents 20 per cent of the proposed annual production of the project.

Fire Department in Southern California deployed an all-vanadium liquid-flow battery storage system

Recently, Invinity Energy Systems announced that the company has deployed an all-vanadium liquid-flow battery energy storage system at the Soboba Fire Department in Southern California to protect emergency services and local community power supply from grid disruptions caused by wildfires.

The energy storage system is 0.5 MWh, delivered by the Invinity to the largest non-profit solar installation in the United States GRID, working with photovoltaic power generation to ensure uninterrupted power supply to significantly improve the energy recovery capacity of the Soboba Fire Department.

Fire Department is an important part of the Soboba community. Some tribal residents, who live in areas identified by the California Public Utilities Commission as a “level 3 extreme” threat zone, have experienced several fires-related blackouts over the past two years. During the mountain fire, the Soboba Fire Department is the accident command center and emergency shelter, as well as the distribution point of food, equipment and supplies, so achieving uninterrupted power supply is essential for community recovery.

As a demonstration of how to effectively improve energy security on a clean, low-cost and decentralized basis in the state, GRID will combine 0.5 MWh of all-vanadium liquid flow energy storage cells with 50 kW of photovoltaic power generation to provide local continuous backup power for at least 10 hours. Additional electricity generated during the day or at night can also be used "on demand .

 

  • [Editor:wenxin]

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