BEIJING (Asian Metal) 12 May 22 – Due to the soft demand from terminal users, Chinese ammonium metavanadate 98%min producers held negative mentality during the past week. At present, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB123,000-125,000/t (USD18.2-18.6/kg) EXW D/P, down by RMB3,000/t (USD0.4/kg) from late last week. Considering that the soft market mentality continues, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would move down further in the coming week.
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