BEIJING (Asian Metal) 29 Aug 23 – As rebar market stayed soft, steel mills reduced their ferrovanadium 50%min consumption and Chinese ferrovanadium 50%min market mentality kept negative during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB113,000-115,000/t (USD31.1-31.6/kg V) Delivered D/A 180 days, down by RMB3,000/t (USD0.8/kg V) from early last week. Considering that inquiries in spot market stay rare for the moment, insiders expect that the mainstream prices of Chinese ferrovanadium 50%min would go down further in the coming week.
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