This week domestic steel mill tender, purchase relative concentrate, but recessed of market demand complete reflected by the purchase price of end use purchasers. Recently, most of the manufacturers and traders all hold a pessimistic attitude, what’s more parts of the manufacturers plan to stop production.

    According to the preliminary statistics, this week domestic steel mill purchase ferovanadium about 200 tons,price is in the range of  RMB100,000-103,500yuan/ton, compair with deal price of bulk cargo, bid and purchase price is  obviously lower than purchasers’s expect. In recent the bid price of a steel mill which located in mid-China even much lower, which also made participants increase several point worries after about the rare market.

    This week tenderand  purchase quantity of V-N alloy preliminary statistics is about 150 tons, the price is limited between RMB164,400-171,000yuan/ton, as some manufacturers revealed if the price lower than 170,000 Yuan/ton which is basically approach to the cost line. Some of the steel mills contiously purchase, and hold the attitude of wait and see.