Chinese Ferrovanadium Market Mentality Turns Weak

BEIJING (Asian Metal) 10 Nov 22 РDue to the soft demand from terminal users, some Chinese ferrovanadium 50%min suppliers tried to loosen their prices to promote sales and the market mentality turned soft this week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB133,000-135,000/t (USD36.4-36.9/kg V) delivered D/A 180 days, down by RMB1,000/t (USD0.3/kg V) from this Monday. Considering that inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep weak in the coming week.

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