Chinese Ferrovanadium Prices Weak

BEIJING (Asian Metal) 14 Mar 23 РIn view of the sufficient supply in spot market, Chinese ferrovanadium 50%min market mentality stayed weak during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB150,000-152,000/t (USD43.1-43.7/kg V) delivered D/A 180 days, unchanged from middle 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 soft in the coming week.

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