Chinese Ferrovanadium Prices Increase

BEIJING (Asian Metal) 10 Jan 23 РAs most buyers hold optimistic market mentality for the market after Chinese New Year Holidays, they prefer to build inventory within in January and inquiries stay active for the moment. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB143,000-145,000/t (USD42.1-42.7/kg V) delivered D/P, up by RMB1,000/t (USD0.3/kg V) from middle last week. Considering that most suppliers prefer to hold back from selling due to the unlocked raw material prices, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move up further in the coming week.

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