BEIJING (Asian Metal) 18 Mar 22 – Due to tight supply in spot market, Brazilian ferrovanadium 80%min suppliers held bullish mentality during the past week. Currently, the mainstream prices of Brazilian ferrovanadium 50%min prices stand at BRL144-147/lb (USD63-64/kg V) delivered D/P, up by BRL5/lb (USD2/kg V) from late last week. Considering that most suppliers prefer to hold back from selling now, insiders believe that the mainstream prices of Brazilian ferrovanadium 80%min would move up further in the coming week.
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