BEIJING (Asian Metal) 8 Jul 22 – Though steel mills’ demand stayed soft, supported by firm raw material prices, Chinese ferrovanadium market mentality kept in a stalemate during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB128,000-130,000/t (USD38.2-38.8/kg V) delivered D/A 180 days, unchanged from late last week. Considering that most buyers prefer to watch the market and inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay weak in the coming week.
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