Chinese Ferrovanadium Prices Drop

BEIJING (Asian Metal) 25 Apr 22 РDue to rare inquiries from terminal users, Chinese ferrovanadium 50%min market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB145,000-147,000/t (USD44.6-45.2/kg V) delivered D/A 180 days, down by RMB7,000/t (USD2.2/kg V) from early last week. Considering that the negative market attitude continues, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would drop further in the coming week.

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