At the beginning of August, influenced by the decreasing tendered price offered by downstream steel mills, the price of FeV dropped sharply. On one hand, the upstream raw material market is gloomy, which shows a weak support for the FeV alloys market; on the ...
[Ferro-Alloys.com]Chinese FeV was quoted at RMB52,000-53,000/mt by acceptance. Downstream intensive tenders increased the demand of FeV, however, bids dropped further given the bad economic environment.
Chinese FeV price dropped and FeV 50 was quoted at RMB 53000—54000 /mt by acceptance. Time for steel mills to release their tenders was fast approaching. The current low price cast shadow on the purchase.