BEIJING (Asian Metal) 5 Jan 23 – As raw material prices moved up during the past week, Chinese ferrovanadium 50%min market mentality went strong accordingly. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB142,000-144,000/t (USD40.7-41.3/kg V) delivered D/A 180 days, up by RMB2,000/t (USD0.6/kg V) from late last week. Considering that the optimistic market mentality continues, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move up further in the coming week.
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