BEIJING (Asian Metal) 25 Jul 23 – Due to the sufficient supply, Chinese ferrovanadium 50%min market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB115,000-117,000/t (USD31.7-32.3/kg V) Delivered D/A 180 days, unchanged from early last week. Though few suppliers would like to loosen their prices, considering that downstream steel mills’ soft demand couldn’t offer any effective support, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep weak in the coming week.
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