BEIJING (Asian Metal) 19 Sep 22 – Due to the tight supply and unlocked raw material prices, Chinese ferrovanadium 50%min market mentality went strongly significantly during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB128,000-130,000/t (USD37-37.5/kg V) delivered D/A 180 days, up by RMB8,000/t (USD2.3/kg V) from early last week. Considering that most suppliers prefer to hold back from selling now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep moving up in the coming week.
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