BEIJING (Asian Metal) 7 Dec 22 – Due to the soft demand from terminal users, Chinese ferrovanadium 50%min market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB131,000-133,000/t (USD37.4-38/kg V) delivered D/A 180 days, down by RMB1,000/t (USD0.3/kg V) from early last week. Considering that most buyers prefer to watch the market and inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep soft in the coming week.
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