BEIJING (Asian Metal) 27 Jul 22 – Due to the rare inquiries and dropping raw material prices during the past week, Chinese ferrovanadium market mentality kept negative. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB113,000-115,000/t (USD33.4-34/kg V) delivered D/A 180 days, down by RMB3,000/t (USD0.9/kg V) from late last week. Considering that few consumers would like to add their inventory for the moment, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep moving down in the coming week.
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