South Korean Ferrovanadium Prices Drop

BEIJING (Asian Metal) 6 May 22 – Due to the sufficient supply in spot market, South Korean ferrovanadium 80%min suppliers held negative attitude during the past week. At present, the mainstream prices of South Korean ferrovanadium 80%min stand at USD44-44.5/kg V in port of Busan, down by USD2/kg V from late last week. Considering that the soft market mentality continues, insiders believe that the mainstream prices of South Korean ferrovanadium 80%min would move down slightly in the coming week.

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