The market price in China hit the bottom after dropping by CNY50 per ton after the turn of the year, rebounded by the same amount and now stabilized while remaining flat.
[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB59,000-60,000/mt (USD9,672-9,836/mt, export duty excluded). Downstream V alloy suppliers had little interest in buying raw materials, so vanadium pent oxide transaction volumes were slim.
In the first three quarters of 2014, the stainless steel production was 16.02million tons, increased by 17.44% year on year, of which Cr-Ni steel was 8.23million tons, improved by 19.64% Y-O-Y. It was expected that the whole output of 2014 might increased by 1...