Chinese Ferrovanadium Suppliers Hold Bullish Mentality

BEIJING (Asian Metal) 24 Mar 22 РAs major raw material producers increased their vanadium pentoxide flake 98%min long-term agreement price significantly this week, Chinese ferrovanadium 50%min suppliers hold strong market mentality at the moment. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB156,000-158,000/t (USD49.1-49.7/kg V) delivered D/A 180 days, unchanged from middle last week. Considering that the bullish market mentality continues, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move up slightly in the coming week.

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