BEIJING (Asian Metal) 20 May 22 – Due to the sufficient supply in spot market and the consumption reduction from terminal users, Middle East ferrovanadium 80%min market mentality stayed negative during the past week. Currently, the mainstream prices of Middle East ferrovanadium 80%min stand at USD39.5-40/kg V D.D.P, down by USD1/kg V from late last week. Considering that the soft market mentality continues, insiders believe that the mainstream prices of Middle East ferrovanadium 80%min would keep moving down in the coming week.
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