BEIJING (Asian Metal) 17 Aug 22 – As market prices stayed below the production cost line for long time, producers who use stone-coal as raw material all stopped production and only several producers who use spent vanadium catalyst could produce for the moment. The market mentality stayed in a stalemate though producers strongly wanted to increase their prices. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB97,000-99,000/t (USD14.4-14.7/kg) EXW D/P, the same as late last week. Considering that most producers prefer to hold back from selling due to the reducing production, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would stay in a stalemate in the coming week.
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