BEIJING (Asian Metal) 13 Sep 23 – In view of soft downstream demand, this week most Chinese ferrovanadium producers feel bearish on price trends and lower their offers accordingly. Currently, mainstream prices of Chinese ferrovanadium 50%min stand at RMB102,000-104,000/t (USD27.98-28.54/kg V) Delivered D/A 180 days, down by RMB4,000/t (USD1.10/kg V) from late last week. Though producers already lower prices, the market still sees limited deals, so insiders believe that mainstream prices of Chinese ferrovanadium would drop further within this week.
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