BEIJING (Asian Metal) 2 Aug 22 – Due to the soft demand from terminal steel-mills, Chinese ferrovanadium market mentality stayed negative during the past week. Though some major producers tried to hold back from selling, it didn’t make any effective influence on price trend in this demand off-season. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB105,000-107,000/t (USD31.1-31.7/kg V) delivered D/P, down by RMB6,000/t (USD1.8/kg V) from early last week. As no signs show that terminal users’ demand could increase, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move down further in the coming week.
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