Chinese Ferrovanadium Prices Increase Gradually

BEIJING (Asian Metal) 27 Sep 22 РDue to the tight supply of raw materails, Chinese ferrovanadium 50%min market mentality went strong gradually during the past week. At present, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB130,000-132,000/t (USD36.3-36.9/kg V) delivered D/A 180 days, up by RMB2,000/t (USD0.6/kg V) from early 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 stay firm in the coming week.

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