[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB69,000/mt (USD11,311/mt, export duty excluded) by acceptance, but the entire deals were slim. Downstream V alloy suppliers had little interest in buying raw materials amid sluggish market. Vanadium pent oxide suppliers processed FeV themselves, instead of selling low-priced materials.

Vanadium nitrogen alloy was offered at RMB116,000-117,000/mt(USD19,016-19,180/mt, export duty excluded) by acceptance, but the real transaction price was RMB115,000/mt (USD18,852/mt, export duty excluded) by acceptance. Under the condition of supply surplus, steel mills pressed bids. Vanadium nitrogen alloy suppliers made loss, and the transaction volumes shrank.

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• [Editor:Mango]