China: FeV rises on higher feedstock costs

摘要

Higher feedstock prices pushed up ferro-vanadium prices, while lower tender prices from steelmakers pushed down ferro-molybdenum prices. The ferro-tungsten market remained flat in the past two days following a fall last week. Domestic prices for 60pc grade alloy were assessed today at 131,000-134,000 yuan/t ex-works, or Yn218-223/kg ($34.20- 34.98/kg) for contained molybdenum, down by Yn3,000/t from 11 November in response to a further fall in tender prices from steelmakers. Export prices dropped to $35-36/kg fob today from $36-37/kg fob on 11 November.