American Ferrovanadium Prices Drop

BEIJING (Asian Metal) 28 Apr 23 РIn view of the dropping international market prices and soft demand in domestic market, American ferrovanadium market mentality stayed negative over the past week. Currently, the mainstream prices of American ferrovanadium 80%min stand at USD37-37.5/kg V Ex-warehouse, down by USD1.5/kg V from late last week. Considering that few buyers would like to add inventory and the rare inquiries in spot market continues, insiders believe that the mainstream prices of American ferrovanadium 80%min would move down in the coming week.

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