BEIJING (Asian Metal) 21 Sep 23 – As major raw material producers’ vanadium pentoxide flake 98%min long-term contract prices stayed at a higher level than market expectation, Chinese ferrovanadium 50%min market mentality went strong accordingly this week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB100,000-102,000/t (USD27.4-28/kg V) Delivered D/A 180 days, up by RMB1,000/t (USD0.3/kg V) from late last week. Considering that producers had strong intention to increase their prices supported by rising raw material prices, insiders expect that the mainstream prices of Chinese ferrovanadium 50%min would move up slightly in the coming week.
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