Chinese Ferrovanadium Prices Firm

BEIJING (Asian Metal) 4 Jul 22 РThough rebar prices kept dropping during the past week, supported by firm raw material prices, no ferrovanadium 50%min suppliers would like to loosen their prices to promote sales and the market mentality stayed firm. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB128,000-130,000/t (USD38.3-38.9/kg V) delivered D/A 180 days, unchanged from early last week. Considering that the solid market mentality continues, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep firm in the coming week.

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