BEIJING (Asian Metal) 9 Feb 23 – Due to the positive market mentality from downstream market, Chinese ammonium metavanadate producers preferred to hold back from selling during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB127,000-129,000/t (USD18.7-19/kg) EXW D/P, up by RMB3,000/t (USD0.4/kg) from late 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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