BEIJING (Asian Metal) 31 Aug 23 – In view of the rare inquiries and dropping raw material prices, Chinese ferrovanadium 50%min market mentality stayed negative over the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB112,000-114,000/t (USD30.8-31.3/kg V) Delivered D/A 180 days, down by RMB1,000/t (USD0.3/kg V) from this Monday. Considering that the soft market mentality continues, insiders expect that the mainstream prices of Chinese ferrovanadium 50%min would move down further in the coming week.
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