Chinese Ferrovanadium Market Mentality Went Strong Slightly

BEIJING (Asian Metal) 1 Sep 22 РThough inquiries in spot market stayed rare, supported by the rising raw material prices, Chinese ferrovanadium market mentality still went strong slightly during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB118,000-120,000/t (USD34.2-34.7/kg V) delivered D/A 180 days, up by RMB1,500/t (USD0.4/kg V) from late last week. Considering that most suppliers prefer to hold back from selling 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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