[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB68,000-69,000/mt (USD11,147-11,311/mt, export duty excluded) by acceptance. Downstream buyers restocked raw materials, so vanadium pent oxide suppliers cut original inventory and improved offer.

Vanadium nitrogen alloy was offered at RMB116,000-117,000/mt (USD19,016-19,180/mt, export duty excluded) by acceptance. A Shandong steel mill purchased 100mt vanadium nitrogen alloy, transacting at RMB116,000/mt (USD19,016/mt, export duty excluded) by acceptance. Steel mills severely pressed vanadium nitrogen alloy buying price, and real transaction price was comparatively low. With high cost, vanadium nitrogen alloy suppliers held wait-and-see attitude towards the market, expecting rational recovery.

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• [Editor:Mango]