Chinese Ferrovanadium Market Mentality Goes Strong

BEIJING (Asian Metal) 9 Mar 22 – Supported by raw material prices rise, Chinese ferrovanadium 50%min market mentality keeps going strong despite the rare inquires from terminal users during the past week.¬†Producers even couldn’t quote to sell now as they couldn’t lock raw material prices. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB143,000-145,000/t (USD45.3-46.0/kg V) delivered D/A 180 days, up by RMB6,000/t (USD1.9/kg V) from early last week.¬†Considering that vanadium pentoxide flake 98%min suppliers prefer to hold back from selling now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move up further in the coming week.

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