Chinese Ferrovanadium Prices Up

BEIJING (Asian Metal) 21 Dec 22 РThough inquiries in spot market stayed rare during the past week, supported by raw material price rose, Chinese ferrovanadium 50%min suppliers increased their prices accordingly. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB135,000-137,000/t (USD38.7-39.3/kg V) delivered D/A 180 days, up by RMB2,000/t (USD0.6/kg V) from late last week. Considering that few suppliers have inventory pressure for the moment, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move up slightly in the coming week.

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