BEIJING (Asian Metal) 27 May 22 – Due to the soft demand from end users, Chinese ferrovanadium 50%min buyers hold watching attitude and inquiries in spot market stay rare so far this week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB126,000-128,000/t (USD37.5-38.1/kg V) delivered D/A 180 days, down by RMB4,000/t (USD1.2/kg V) from this Monday. Considering that the soft market mentality continues, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move down further in the coming week.
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