[Ferro-Alloys.com]JISCO & Baosteel released their new tender prices this week. Tender price of JISCO is RMB6,450/50MT (delivered price by acceptance, tax included), and tender price of Baosteel is RMB6,450/50MT ( delivered price by cash, tax included).
Freeport-McMoRan (NYSE:FCX), the U.S. largest miner by market value and revenue, has slashed its capital budget for the year, while seeks funding for its natural oil and gas projects as the miner tries to protect itself from plunging commodity prices.
[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB57,000-58,000/mt(USD9,344-9,508/mt, export duty excluded). Downstream V alloy market was sluggish, so buyers first purchased raw materials on orders.
[Ferro-Alloys.com]Chinese FeV50 price slipped to RMB67,000-68,000/mt (USD10,983-11,147/mt, export duty excluded) by acceptance. Steel mills with fund shortage hit tender price to a new low level.