Metal Bulletin plans to reduce the frequency with which it publishes the vanadium pentoxide price quotation in Europe from Friday January 29.
The market is agreed to be often extremely illiquid and the change is aimed at allowing Metal Bulletin to capture a larger number of data points, from as many market participants as possible.
From January 29, the frequency of publication would be reduced from twice a week, to once a week on Fridays. Publication time would still be between 14:00 and 15:00 London time.
Market participants have until January 25 to respond to this notice.
The chemical specification and delivery terms would be as follows:
Price: Vanadium pentoxide min 98% in-warehouse Rotterdam $/lb V2O5
Basis: In-warehouse Rotterdam
Currency: USD
Unit: per lb V2O5
Min lot size: 18 tonnes (+/- 5%)
Payment terms: Cash, other payment terms normalised
Quality: 98.00% min; Si 0.25% max; Fe 0.30% max; S 0.03% max; P 0.05% max; As 0.02% max; Na2+K2O 1.50% max.
Form: Brown flake
Publication: Weekly. Between 2pm and 3pm London time on Friday
Comments and questions on this should be sent to Claire Hack at chack@metalbulletin.com
Questions relating to Metal Bulletin’s pricing methodology and policy should be sent to Metal Bulletin market data and compliance manager Paolo Sorze at paolo.sorze@metalbulletin.com or Metal Bulletin editor Alex Harrison at aharrison@metalbulletin.com
Claire Hack
chack@metalbulletin.com
Twitter: @clairehack_mb