BEIJING (Asian Metal) 21 Jul 22 – Due to the soft demand from steel mills and the dropping prices of raw materials, Chinese ferrovanadium market saw negative mentality during the past week. At present, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB118,000-120,000/t (USD34.9-35.5/kg V) delivered D/P, down by RMB6,000/t (USD1.8/kg V) from middle last week. Considering that the negative 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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