BEIJING (Asian Metal) 10 May 23 – In view of the soft demand from terminal users, Chinese ammonium metavanadate market mentality maintained negative and producers chose to loosen their prices to promote sales during the past week. At present, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB95,000-97,000/t (USD13.7-14/kg) EXW D/P, down by RMB4,000/t (USD0.6/kg) from late last week. Considering that no signs show that end users’ demand could recover, insiders predict that the mainstream prices of Chinese ammonium metavanadate 98%min would stay soft in the coming week.
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