BEIJING (Asian Metal) 7 Apr 22 – Due to the new outbreak of COVID-19 in China, logistics transport resistance increased significantly, which made Chinese ferrovanadium 50%min market fell into stalemate. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB156,000-158,000/t (USD49-49.7/kg V) delivered D/A 180 days, unchanged from late last week. In view of the soft demand from terminal users, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would stay weak in the coming week.
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