Prices for vanadium in China continued their upward surge on Monday with demand remaining strong. Ferroalloys.com reported that the current domestic ex-work prices for ferrovanadium (50#) and vanadium pentoxide are up to RMB245,000-255,000/mt and RMB220, 000-223,000/mt respectively. Export prices are also increasing.
Chinese producers have indicated that they have to adjust offers upwards on a daily basis with some sellers predicting further price peaks.
Minerals and Metals at www.minerals-and-metals.com
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