Chinese Ferrovanadium Market Stays Soft

BEIJING (Asian Metal) 1 Jun 22 РDue to the weak demand from terminal users, Chinese ferrovanadium 50%min buyers held watching attitude and market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB122,000-124,000/t (USD36.4-37/kg V) delivered D/A 180 days, down by RMB4,000/t (USD1.2/kg V) from late last week. Considering that effective inquiries 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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