Chinese Ferrovanadium Prices Keep Solid

BEIJING (Asian Metal) 24 Jul 23 – Despite the soft demand from steel mills, in view of the solid raw material prices, Chinese ferrovanadium market mentality kept firm during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB115,000-117,00/t (USD31.7-32.3/kg V) Delivered D/A 180 days, unchanged from late last week. Considering that few buyers would like to build more inventory in July, insiders predict that the mainstream prices of Chinese ferrovanadium 50%min would stay firm in the following week.

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