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[Ferro-Alloys.com]After the National Day Holidays, Chinese FeV price kept steady. Before holidays, rebar market showed badly, FeV market couldn’t be sustained greatly. After holidays, FeV buying activities concentrated on scattered deals, transacting at RMB79,000/mt (USD12,950/mt, export duty excluded) by acceptance.

After the National Day holidays, European FeV price slipped, while domestic FeV market was sluggish. Suppliers insisted on offering RMB79,000/mt (USD12,950/mt, export duty excluded) by acceptance for FeV50, despite of getting limited inquiries. Restricted by high cost, FeV producers didn’t have much inventory in hand, so they were unwilling to drop offer.

It is expected that Chinese FeV price would keep steady in the near future. If supply surplus lasts, FeV market will have little room to pick up.

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• [Editor:Mango]