Steel bidding has gradually started in April and vanadium market is expected to ease the stalemate

Date: Mar 22, 2019 Recently, the purchase price of 30 tons of ferrovanadium from Nangang is CNY 217,500/t including tax acceptance, the price is comparable with the final transaction price of Panzhihua steel and Chengde steel. Ferrovanadium factories offer remains at CNY 220,000/t or more. In addition, Jiuquan steel, Echeng steel also public tender of ferrovanadium and vanadium -nitrogen alloy, and the bidding price is expected to come out next week.

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