Chinese Ferrovanadium Prices Edge Up

BEIJING (Asian Metal) 14 Sep 22 РAs raw material market saw tight supply, Chinese ferrovanadium 50%min suppliers strongly wanted to increase their prices during the past week despite the soft demand from terminal users. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB120,000-122,000/t (USD34.6-25.2/kg V) delivered D/A 180 days, up by RMB2,000/t (USD0.6/kg V) from middle last week. Considering that most suppliers prefer to hold back from selling for the moment, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would edge up in the coming week.

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