BEIJING (Asian Metal) 10 May 23 – Supported by stalemate raw material prices, Chinese ferrovanadium producers hold firm market mentality and none of them chose to loosen their prices to promote sales during the past week. At present, the mainstream prices of Chinese ferrovanadium 50%min stand at RMB110,000-112,000/t (USD31.8-32.4/kg V) delivered D/A 180 days, unchanged from late last wee. Considering that few producers have inventory pressure for the moment, insiders predict that the mainstream prices of Chinese ferrovanadium 50%min would keep firm in the coming week.
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