Chinese Ferrovanadium Prices Keep Dropping

BEIJING (Asian Metal) 27 Jul 22 РDue to the rare inquiries and dropping raw material prices during the past week, Chinese ferrovanadium market mentality kept negative. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB113,000-115,000/t (USD33.4-34/kg V) delivered D/A 180 days, down by RMB3,000/t (USD0.9/kg V) from late last week. Considering that few consumers would like to add their inventory for the moment, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep moving down in the coming week.

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