State-owned Chinese steelmaker Shaoguan Iron & Steel (Shaogang) has raised its vanadium-nitrogen tender price for July delivery in response to higher spot prices, which have been boosted by firm pentoxide flake feedstock prices and low alloy inventories over the past two weeks. The company's tender price rose to 168,500 yuan/t ($31.19/kg of vanadium) paid by acceptance bill for 80t of 77pc grade vanadium, 16pc grade nitrogen. This is up by Yn3,800/t from its purchase price in early July.
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