Chinese Ferrovanadium Market Sees Stalemate Mentality

BEIJING (Asian Metal) 8 Jul 22 – Though steel mills’ demand stayed soft, supported by firm raw material prices, Chinese ferrovanadium market mentality kept in a stalemate during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB128,000-130,000/t (USD38.2-38.8/kg V) delivered D/A 180 days, unchanged from late last week.¬†Considering that most buyers prefer to watch the market and inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay weak in the coming week.

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