Chinese Ferrovanadium Prices Drop Slightly

BEIJING (Asian Metal) 28 Feb 23 – Due to the soft demand from terminal users, Chinese ferrovanadium 50%min market mentality kept negative during the past week. At present, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB152,000-154,000/t (USD43.7-44.3/kg V) delivered D/A 180 days, down by RMB1,000/t (USD0.3/kg V) from middle last week. Considering that inquiries in spot market keep rare for the moment, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay weak in the coming week.

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