[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB58,000/mt. V alloys suppliers decreased the buying volumes of raw materials, high-priced vanadium pent oxide was difficult to be transacted.

[Ferro-Alloys.com]Chinese FeV was offered at RMB66,000-67,000/mt by acceptance. In mid-month, the demand from steel mills eased, but FeV suppliers insisted on their high quotation, rejecting to selling at low level.

The market trend of import of ferroalloy as of 15 June 2015 is as follows.

[Ferro-Alloys.com]Increasing supply for South Africa and Australia manganese ore to China exerted tremendous pressure on non-mainstream ore in recent two years.

[Ferro-Alloys.com]It is said that South Africa UMK already unveiled July manganese ore shipment to China which was basically in line with prior month with USD2.7/mtu for Mn37.5%Fe5% CIF, China.

[Ferro-Alloys.com]China's domestic low- and micro-carbon ferrochrome prices keep low in June, and the prices are expected hardly to rise recently without good news.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB75,000-76,000/mt by acceptance. In mid-month, the entire market was depressed, as downstream steel mills purchased small volumes.

[Ferro-Alloys.com]Overseas moly oxide transaction price dropped to USD7/lbMo, and deals were concentrated on buying volumes of long-term contract, instead of spot buying activities.