BEIJING (Asian Metal) 12 Jul 23 – Due to the soft demand from terminal users, Chinese ferrovanadium 50%min market mentality stayed soft during the past week and suppliers actively chose to drop their prices to promote sales. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB115,000-117,00/t (USD31.7-32.3/kg V) Delivered D/A 180 days, down by RMB2,000/t (USD0.6/kg V) from late last week. Considering that most buyers prefer to watch the market for the moment, insiders predict that the mainstream prices of Chinese ferrovanadium 50%min would move down slightly in the coming week.
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