[Ferro-Alloys.com]Chinese FeV50 was offered at RMB79,000-80,000/mt (USD12,950-13,114/mt, export duty excluded) by acceptance. In late month, major steel mills entered the market to buy FeV, transacting at RMB79,000/mt (USD12,950/mt, export duty excluded) by acceptance. Steel mills earned low profit, pressing the tender price of FeV.

A Shaanxi FeV supplier offered RMB80,000/mt (USD13,114/mt, export duty excluded) by acceptance for FeV, mainly selling materials to old customers. They resumed FeV production, and transaction volumes were steady. In September, steel industry hiked the demand for FeV, so FeV market would recover. What’s more, vanadium pent oxide cost kept firm, and suppliers rejected to drop quotation.

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• [Editor:Mango]