Chinese Ferrovanadium Prices Move Down

BEIJING (Asian Metal) 29 Jun 22 – As rebar prices kept dropping during the past week, Chinese ferrovanadium 50%min prices couldn’t get any effective support from terminal users and the market mentality stayed soft. 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, down by RMB2,000/t (USD0.6/kg V) from late last week.¬†Considering that the weak market mentality continues, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay weak in the coming week.

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