[Ferro-Alloys.com]Chinese FeV price kept steady, as steel mills increased tenders. After CITIC issued its V alloy bids, other steel mills successively entered the market and bought FeV, which brought about demand uptick. Reportedly, the transaction price of FeV stood at RMB78,000/mt (USD12,786/mt, export duty excluded) by acceptance. Overseas FeV price maintained steady.

FeV50, FeV80, vanadium pent oxide and vanadium nitrogen alloy price stood at RMB79,000/mt (USD12,950/mt, export duty excluded), RMB124,000/mt (USD20,327/mt, export duty excluded), RMB69,000/mt （USD11,311/mt, export duty excluded) and RMB116,000/mt (USD19,016/mt, export duty excluded) by acceptance.

Chinese FeV was offered at RMB78,000-79,000/mt (USD12,786-12,950/mt, export duty excluded) by acceptance. Vanadium pent oxide cost increase led to the fact that FeV suppliers were unwilling to sell low-priced materials and expected price to recover. However, the real demand was limited, transaction price didn’t increase much. Chinese vanadium pent oxide was offered at RMB68,000-69,000/mt (USD11,147-11,311/mt, export duty excluded). The spot supply tightened, so suppliers insisted their offers, and real transaction price moved higher. Vanadium nitrogen alloy was offered at RNB116,000-118,000/mt (USD19,016-19,344/mt, export duty excluded) by acceptance. Steel mills pressed the tender price, so vanadium nitrogen alloy suppliers made slim profit.

European FeV transacted at USD25.75-26.25/kgV. Formerly, the increasing buying activities together with tight supply led to price uptick. Presently, the price stabilized. Exporters offered USD25-25.5/kgV and USD5.4-5.5/lb for FeV and vanadium pent oxide respectively.

It is expected that Chinese FeV price would keep steady. Steel mills had fund difficulty, and its tender would guide future price trend.

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• [Editor:Mango]