[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. In the dull season, vanadium pent oxide suppliers reported limited profit. Increased inquiries with low price couldn’t be accepted by vanadium pent oxide sellers, as they had little inventory, and expected to market recovery.

Vanadium nitrogen alloy was offered at RMB116,000-117,000/mt (USD19,016-19,180/mt, export duty excluded) by acceptance. Sluggish steel market further transmitted to upstream vanadium nitrogen alloy products.  Steel mills severely pressed vanadium nitrogen alloy buying price, and real transaction price was comparatively low. What’s more, steel mills postponed payment, so vanadium nitrogen alloy suppliers made low profit.

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• [Editor:Mango]