BEIJING (Asian Metal) 1 Aug 23 – Despite the soft demand from steel mills, no ferrovanadium 50%min producers chose to loosen their prices to promote sales over the past week due to the firm raw material prices. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB115,000-117,000/t (USD32.2-32.7/kg V) Delivered D/A 180 days, unchanged from early last week. Considering that producers’ profit stays thin, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay weak in the coming week.
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