[Ferro-Alloys.com] Noble Alloys Market Weekly（17 July-21 July）Vanadium Market Price Kept Stability Weakly, Moly Mine Offer Released and Ferromoly Price Increasing, Tungsten Long Market Price Kept Decreasing

Vanadium Alloy: The price of V2O5 flake 98% kept about RMB 106000/ mt from some sellers in this week, the price of ferrovanadium50# was RMB 113,000-115,000 /mt, the price of VN alloy was RMB 160,000-165,000 /mt. Chinese large vanadium plant V2O5 flake 98% price was RMB 106,500/MT in cash, for the steel industry tender lower projection and the vanadium market is not very well and the vanadium alloy plant has cut the production cost for the high raw materials price hard to deal, the Chinese vanadium market price is not active totally

Molybeneum Alloy: Chinese domestic price of ferromolybdenum kept high stability and FeMo60# increased to RMB 253,000-258,000 /mt, the price of molybdenum concentrate40%- 45% is RMB 3,800-3,820 / mt unit, the mainstream price of molybdenum oxide is RMB 3,900- 3,920 / mt unit, As the moly market news forwarded in this week, the moly market price adjusted up trend for some market participants while the downstream steel price is down and up again in this week. For the ferromoly tender price for some steel mills is still not active and some delay the plan to purchase and the moly mines released the sales in this week and the mines offer kept high stability. 

Tungsten Alloy: The price of tungsten concentrate 55% kept down to RMB114,000-116,000 / mt, the price of ferrotungsten kept down to RMB 173,000-175,000 / mt, the price of APT kept down to RMB 175,000-177,000 / mt and the large tungsten offered down slightly for the second half of July. The following are the price of large enterprises in the second half of July.

Zhang Yuan Tungsten Industry: Chongyi Zhangyuan Tungsten Industry Co., Ltd., the quotation for the second half of July 2023 as follows: black tungsten concentrate (WO3≥55%: RMB 116,000/mt, down by RMB 1000/mt compared to the first half of July 2023; scheelite concentrate (WO3≥55%): RMB 114,500 / mt, down by RMB1000/mt compared to the first half of July 2023; APT (GB zero): RMB 176,500 / mt, down by RMB 2000 /mt compared to the first half of July 2023.(Note: the above unit price includes 13% VAT.)          

Xiamen Tungsten Industry: In the second half of July 2023, the quotation of APT was RMB 176,500 / mt, down RMB 1500 /mt compared to the first half of July.

Jiangxi Tungsten Industry: The quotation for the second half of July 2023 of black tungsten concentrate (W65%) is RMB 118,500 / mt, down by RMB1000 /mt compared to the first half of July.  

Tungsten Industry association forecast price in July 2023,  the black tungsten concentrate (WO3≥ 55%: RMB 117,000 /mt, down by RMB 2000/mt compared to June  2023, the quotation of APT was RMB 178,500 / mt, down by RMB 3000/mt compared to June 2023.  

Xianglu Tungsten Industry: the quotation for July 2023 is as follows: black tungsten concentrate (WO3≥55%: RMB 116,500 /mt, down RMB2500/MT compared to June 2023.; scheelite concentrate (WO3≥55%): RMB 115,500 / mt, down RMB2500/MT compared to June 2023; APT RMB 177,500 / mt, down RMB 3500 /mt compared to June 2023.    

• [Editor:tianyawei]