Chinese Ferrovanadium Prices Weak

BEIJING (Asian Metal) 8 Aug 23 – In view of the dropping rebar prices, Chinese ferrovanadium 50%min market mentality stayed soft during the past week. At present, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB115,000-117,000/t (USD31.7-32.3/kg V) Delivered D/A 180 days, unchanged from early last week. Considering that inquiries in spot market stay rare for the moment, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep soft in the coming week.

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