BEIJING (Asian Metal) 22 Feb 23 – As cheaper prices of Russian vanadium pentoxide flake 92%min came into China by bulk already, Chinese ferrovanadium 50%min market mentality turns weak slightly during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB153,000-155,000/t (USD45.1-45.7/kg V) delivered D/A 180 days, down by RMB2,000/t (USD0.6/kg V) from middle last week. Considering that most buyers prefer to watch the market and inquiries in spot stay rare for the moment, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min stay weak in the coming week.
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