The market price in China hit the bottom after dropping by CNY50 per ton after the turn of the year, rebounded by the same amount and now stabilized while remaining flat.
[Ferro-Alloys.com]Chinese vanadium pent oxide was offered at RMB59,000-60,000/mt (USD9,672-9,836/mt, export duty excluded). Downstream V alloy suppliers had little interest in buying raw materials, so vanadium pent oxide transaction volumes were slim.
It was acknowledged that Jiangsu Fu Ning Kaisheng Stainless Steel Materials Co., Ltd. had transferred to produce the ferrochrome with daily HC FeCr (Cr50%) output of 120tons.