Chinese Ferrovanadium Market Mentality Stays In A Stalemate

BEIJING (Asian Metal) 17 Jun 22 РDue to the uncertain raw material prices, Chinese ferrovanadium 50%min suppliers had strong intention to increase their prices during the past week. However, as rebar prices kept moving down, ferrovanadium 50%min market mentality fell into a stalemate. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB128,000-130,000/t (USD38.5-39.1/kg V) delivered D/A 180 days, up by RMB4,000/t (USD1.2/kg V) from late last week. Considering that most buyers prefer to watch the market now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay in a stalemate in the coming week.

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