Date: Apr 01, 2019
www.ferroalloynet.com: Last Friday, Kunming steel purchased 40 tons of vanadium nitrogen alloy, which was CNY 263,500/t for 20 tons, CNY 264,500/t for 20 tons, all cash including tax, the next month payment. It’s surprising to see a deal at such a low price. It is reported that the bidding of Kunming steel has executed a 13% tax rate, and from the perspective of published suppliers, they are all traders, and it’s likely to be traders early part of the stock up. This bidding price cannot fully represent the mainstream of the market, if the same steel mills purchase again, this price is expected to be difficult to clinch a deal.
