BEIJING (Asian Metal) 29 Dec 22 – Supported by rising raw material prices, Chinese ferrovanadium 50%min suppliers had strong intention to increase their prices during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB140,000-142,000/t (USD40.2-40.7/kg V) delivered D/A 180 days, up by RMB3,000/t (USD0.9/kg V) from late last week. Considering that most suppliers prefer to hold back from selling for the moment, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move up slightly in the coming week.
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