BEIJING (Asian Metal) 24 Aug 23 – Due to the soft rebar market and dropping vanadium pentoxide flake 98%min prices, Chinese ferrovanadium 50%min market mentality went weak during the past week. At present, 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 late last week. In view of the rare inquiries in spot market, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay weak in the coming week.
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