Chinese Ferrovanadium Prices Down

BEIJING (Asian Metal) 16 Mar 23 РDue to the sufficient supply in spot market, Chinese ferrovanadium 50%min market mentality stayed negative during the past week. At present, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB147,000-149,000/t (USD42.2-42.8/kg V) delivered D/A 180 days, down by RMB3,000/t (USD0.9/kg V) from late last week. Considering that most suppliers prefer to clear their inventory as soon as possible but inquires stay rare now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move down slightly in the coming week.

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