BEIJING (Asian Metal) 13 Sep 23 – In view of dropping raw material prices and weak demand from terminal users, Chinese ferrovanadium 50%min market mentality kept negative during the past week. At present, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB102,000-104,000/t (USD28-28.5/kg V) Delivered D/A 180 days, down by RMB4,000/t (USD1.1/kg V) from late last week. Considering that most suppliers prefer to clear their inventory as soon as possible, insiders expect that the mainstream prices of Chinese ferrovanadium 50%min would move down further in the coming week.
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