BEIJING (Asian Metal) 9 Mar 22 – Supported by raw material prices rise, Chinese ferrovanadium 50%min market mentality keeps going strong despite the rare inquires from terminal users during the past week. Producers even couldn’t quote to sell now as they couldn’t lock raw material prices. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB143,000-145,000/t (USD45.3-46.0/kg V) delivered D/A 180 days, up by RMB6,000/t (USD1.9/kg V) from early last week. Considering that vanadium pentoxide flake 98%min suppliers prefer to hold back from selling now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would move up further in the coming week.
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