BEIJING (Asian Metal) 20 May 19 – Nanjing Iron & Steel Co., Ltd. finished bidding for ferrovanadium on May 14, announcing that it purchased 60t of ferrovanadium 50%min at RMB132,000/t (USD19,080/t) delivered D/A 180 days.
Currently, mainstream prices for Chinese ferrovanadium 50%min stand at RMB134,000-137,000/t (USD19,369-19,803/t) delivered D/A 180 days, down by RMB3,000/t (USD434/t) from last Friday. As major vanadium pentoxide flake 98%min suppliers sharply lowered their offers by RMB50,000/t (USD7,227/t) to RMB120,000/t (USD17,346/t) EXW D/A 180 days, prices for Chinese ferrovanadium might move down rapidly in the coming week.
www.asianmetal.com
