[Ferro-Alloys.com]Chinese vanadium pent oxide transacted at RMB44,000-45,000/mt. As V alloy price consistently dropped, suppliers were prudent to restock materials, so the entire demand was underperformed.
[Ferro-Alloys.com]Chinese FeV was quoted at RMB52,000-53,000/mt by acceptance. Downstream intensive tenders increased the demand of FeV, however, bids dropped further given the bad economic environment.
Chinese FeV price dropped and FeV 50 was quoted at RMB 53000—54000 /mt by acceptance. Time for steel mills to release their tenders was fast approaching. The current low price cast shadow on the purchase.
Chinese FeV price drop slightly with FeV50 quoted at RMB61, 000-62,000/mt by acceptance. Steel mills finished their tender with less volume and decreased price. Two steel mills in Jiangsu and Hubei were to purchase 190 tons of FeV50 at 55,700/mt by acceptance....