BEIJING (Asian Metal) 22 Aug 23 – Due to the soft demand, Chinese ammonium metavanadate market mentality stayed soft and producers chose to loosen their prices to promote sales over the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB99,000-101,000/t (USD13.7-13.9/kg) EXW D/P, down by RMB1,000/t (USD0.1/kg) from early last week. Considering that most producers face increasing inventory pressure now, insiders predict that the mainstream prices of Chinese ammonium metavanadate 98%min would stay soft in the coming week.
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