[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.