BEIJING (Asian Metal) 22 Aug 23 – In view of the dropping rebar prices, Chinese ferrovanadium 50%min market mentality kept negative during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB114,000-116,000/t (USD31.5-32/kg V) Delivered D/A 180 days, down by RMB2,000/t (USD0.6/kg V) from early last week. Considering that inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would edge down in the coming week.
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