BEIJING (Asian Metal) 20 May 22 – Due to the soft demand from terminal users and the dropping price of raw material, Chinese ferrovanadium 50%min market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB132,000-134,000/t (USD39.2-39.8/kg V) delivered D/P, down by RMB6,000/t (USD1.8/kg V) from late last week. Considering that most buyers prefer to watch the market and inquires stay rare now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would decline further in the coming week.
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