BEIJING (Asian Metal) 11 Jan 23 – As most buyers have optimistic market expectation for the market after the Spring Festival Holidays, they prefer to build more inventory within January. However, few producers have stock pressure now due to the low recovery rate in winter, so market mentality keeps going strong for the moment. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB123,000-125,000/t (USD18.1-18.4/kg) EXW D/P, up by RMB3,000/t (USD0.4/kg) from middle last week. Considering that the tight supply in spot market continues, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would move up further in the coming week.
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