BEIJING (Asian Metal) 13 Jul 22 – As vanadium alloy price kept moving down, Chinese ammonium metavanadate 98%min market price lost its support and the market mentality stayed weak during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB110,000-112,000/t (USD16.4-16.7/kg) EXW D/P, down by RMB1,000/t (USD0.1/kg) from middle last week. Considering that few buyers would like to add their inventory and no signs show that inquiries could increase, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would drop further in the coming week.
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