Chinese Ferrovanadium Market Stays Soft

BEIJING (Asian Metal) 14 Apr 22 РDue to the soft demand from terminal users, Chinese ferrovanadium 50%min market mentality stays soft during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB154,000-156,000/t (USD48.4-49/kg V) delivered D/A 180 days, down by RMB2,000/t (USD0.6/kg V) from late last week. Considering that most buyers prefer to watch the market and inquires 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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