BEIJING (Asian Metal) 27 Dec 22 – As vanadium recovery rate stays at low level due to the cold weather in Winter, Chinese ammonium metavanadate market saw tight supply and market mentality went strong slightly during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB118,000-120,000/t (USD16.9-17.2/kg) EXW D/P, up by RMB2,000/t (USD0.3/kg) from early last week. Considering that most buyers have strong intention to build inventory before the Spring Festival Holidays, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would move up slightly in the coming week.
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