Chinese Ferrovanadium Prices Weak

BEIJING (Asian Metal) 30 Nov 22 РDue to the soft demand from terminal users, Chinese ferrovanadium 50%min producers could hardly maintain their prices firm. However, supported by firm raw material prices, the mainstream prices stayed steady during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB132,000-134,000/t (USD36.6-37.2/kg V) delivered D/A 180 days, the same as late last week. Considering that most buyers prefer to watch the market and inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep weak in the coming week.

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