The bidding prices of vanadium alloys are increased

Date: Mar 13, 2018 Steel mills’ biddings are on the way and some of them are yet to finalize the bidding prices. Ferrovanadium¬†prices stand at about 195000 rmb/ton (acceptance, tax inclusive), while the manufacturers quote at about 200000 rmb/ton with low availability of raw materials. Steel mills are reluctant to accept high offers, traders don’t want to purchase too large quanotities of materials and Zenith steel’ bidding price is yet to come out, thus market participants mostly keep wait-and-see.

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