China vanadium market is generally approching to stability

Date: Nov 27, 2017 Zenith issues bids for 30 tons of ferrovanadium 50# at stable price of 140000 rmb/ton (acceptance, tax inclusive) and for 80 tons of vanadium-nitrogen at 205000 rmb/ton (acceptance, tax inclusive). The bidding prices are nearly equal with the market prices. With the effect of vanadium pentoxide flake, the suppliers can’t accept low prices while the buyers show little interest in high offers. Seeing from the current bidding prices, China vanadium market is gradually approaching to stability and the recent prices are likely to remain flat.

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