Chinese Ferrovanadium Market Sees Weak Mentality

BEIJING (Asian Metal) 7 Mar 23 – Though steel mills’ inquiries stayed active during the past week, in view of the sufficient supply in spot market, Chinese ferrovanadium 50%min market mentality still kept weak. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB150,000-152,000/t (USD43.1-43.7/kg V) delivered D/A 180 days, down by RMB1,000/t (USD0.3/kg V) from middle last week.¬†Considering that terminal users still need time to consume the current market inventory, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay weak in the coming week.

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