BEIJING (Asian Metal) 11 Mar 22 – As international vanadium prices kept soaring during the past week, Chinese ammonium metavanadate 98%min producers hold strong bullish attitude and prefer to hold back from selling now. At present, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB140,000-142,000/t (USD22.2-22.5/kg) EXW D/P, up by RMB13,000/t (USD/kg) from late last week. Considering that the bullish market mentality continues, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would break up RMB150,000/t (USD23.8/kg) in the coming week.
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