Chinese Ferrovanadium Market Sees Production Cost Upside Down

BEIJING (Asian Metal) 28 Apr 22 – As raw material prices move down slowly, Chinese ferrovanadium 50%min market sees serious production cost upside down and most producers couldn’t quote now. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB144,000-146,000/t (USD44.3-44.9/kg V) delivered D/A 180 days, down by RMB3,000/t (USD0.9/kg V) from middle last week.¬†Considering that inquiries from terminal users stay rare at the moment, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would face great dropping pressure in the coming week.

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