www.ferroalloynet.com: In recent days, the price of VN alloy has been rising gradually, the purchasing performance of steel plants has been active, the market of ferroniobium has been advancing at the same time, and the market demand has increased slightly. At present, the price of bulk ferroniobium in China is mostly between 195,000-198,000 Yuan/ton in cash with tax. Compared with April, the supply of low price goods decreased, currently there is no quotation of 193,000 Yuan/ton in cash which appeared at the early period, and the main transaction price is gradually increasing, both the market demand and transaction are stable. CITIC metal quoted a cash price of 205,000-225,000 Yuan/ton for the second quarter of 2020. It is reported that CBMM plans to stop production on May 18 and resume production on June 18. It is expected that the short-term shutdown will not have a great impact on the Brazilian ferroniobium supply in China, and the price of ferroniobium is mainly stable in the later market.
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