BEIJING (Asian Metal) 3 Jun 22 – As the government strongly supports the economic recovery in the second half of 2022 after COVID-19 control, Chinese ferrovanadium 50%min market mentality started to turn to optimistic this week and inquiries started to grow. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB122,000-124,000/t (USD36.4-37/kg Mo) delivered D/A 180 days, unchanged from this Monday. Considering that most suppliers prefer to hold back from selling now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min prices would stay in a stalemate in the following week.
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