[Ferro-Alloys.com]Chinese FeV50 was offered at RMB79,000-80,000/mt (USD12,950-13,114/mt, export duty excluded) by acceptance, unchanged from last week. Downstream steel mills enhanced tender price of FeV50, albeit at a slow rate. Major mills’ purchase price of FeV was RMB79,000/mt (USD12,950/mt, export duty excluded) by acceptance.

Most FeV suppliers insisted on their high offers, unwilling to sell at low level. The tender price of mills was not as high as expected, so FeV50 price had no momentum to rise again.

Despite that vanadium pent oxide market firmed, downstream steel price was around at low level. It is expected that V alloy price would keep steady in the near future.

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• [Editor:Mango]