[Ferro-Alloys.com]JISCO & Baosteel released their new tender prices this week. Tender price of JISCO is RMB6,450/50MT (delivered price by acceptance, tax included), and tender price of Baosteel is RMB6,450/50MT ( delivered price by cash, tax included).
[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB57,000-58,000/mt(USD9,344-9,508/mt, export duty excluded). Downstream V alloy market was sluggish, so buyers first purchased raw materials on orders.
[Ferro-Alloys.com]Chinese FeV50 price slipped to RMB67,000-68,000/mt (USD10,983-11,147/mt, export duty excluded) by acceptance. Steel mills with fund shortage hit tender price to a new low level.
In Jan. 2015, the high ferronickel price declined to RMB1070-1090/Ni from RMB1120-1140/Ni of Dec.2014. Because of the tight supply, the low FeNi price continued to go up. At the end of Jan., 2015, the low FeNi ex-works price reached RMB2650-2700/mt, rising by ...
[Ferro-Alloys.com]Chinese FeMo was offered at RMB82,000-83,000/mt (USD13,442-13,606/mt, export duty excluded) by acceptance. Steel mills were unwilling to purchase excessive raw materials due to fund shortage, so the entire deals were limited.