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[Ferro-Alloys.com]Chinese FeV was offered at RMB79,000-80,000/mt (USD12,950-13,114/mt, export duty excluded) by acceptance. In late September, the output of steel mills increased from August, so tender volume and price of mills followed to rise. Major steel mills will successively tender FeV50, transacting at RMB79,000/mt (USD12,950/mt, export duty excluded) by acceptance.

A Shaanxi FeV supplier offered RMB80,000/mt (USD13,114/mt, export duty excluded) by acceptance for FeV50, and transaction volume was nice. Owing to the upcoming tenders of mills at the end of month, they rejected to sell low-priced materials. It is expected that FeV50 would lose upward momentum as real demand is still sluggish.

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• [Editor:Mango]