Chinese Ferrovanadium Prices Stay Solid

BEIJING (Asian Metal) 1 Feb 23 – As few steel mills start to purchase after the Spring Festival Holiday, Chinese ferrovanadium market stays quiet for the moment. However, supported by firm raw material prices, Chinese ferrovanadium market prices keep solid now. Currently, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB146,000-148,000/t (USD43-43.6/kg V) delivered D/A 180 days, unchanged from two weeks ago. In view of the rare inquiries in spot market, insiders believe that the mainstream prices of Chinese ferrovanadium 50%min would keep steady in the coming week.

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