BEIJING (Asian Metal) 30 Aug 22 – Though terminal users’ demand stayed soft, supported by the rising raw material prices due to the tight supply in spot market, Chinese ferrovanadium 50%min market mentality went strong slightly and most suppliers preferred to hold back from selling during the past week. At present, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB117,000-119,000/t (USD34.2-34.8/kg V) delivered D/A 180 days, up by RMB1,000/t (USD0.3/kg V) from middle last week. Considering that the strong market mentality continues, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would edge up in the coming week.
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