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[Ferro-Alloys.com] Chinese FeV50 was offered at RMB79,000-80,000/mt (USD12,950-13,114/mt, export duty excluded) by acceptance. In mid-August, major steel mills delayed tenders, while business was concentrated on scattered buying activities, transacting atRMB78,000/mt (USD12,786/mt, export duty excluded) by acceptance. High raw materials cost made FeV supplier insist on their offers, but steel mills with low benefit pressed the buying price for FeV.

A Shaanxi FeV supplier offered RMB79,000-80,000/mt (USD12,950-13,114/mt, export duty excluded) by acceptance for FeV. Due to shutdown, they picked up materials from inventory, after they received books. They will resume production till market bounce.

It is expected that FeV50 price would keep steady due to firm raw materials cost. In the dull season, steel mills couldn’t sustain FeV market, FeV50 price is unlikely to change much.

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• [Editor:Mango]