Chinese Ferrovanadium Prices Drop

BEIJING (Asian Metal) 20 Apr 22 РDue to the soft demand from terminal users, Chinese ferrovanadium 50%min suppliers chose to drop their prices to promote sales and market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB145,000-147,000/t (USD45.6-46.2/kg V) delivered D/P, down by RMB4,000/t (USD1.3/kg V) from early last week. Considering that the soft market mentality continues, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay weak in the coming week.

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