BEIJING (Asian Metal) 17 May 22 – Due to the soft demand from terminal users, Chinese ammonium metavanadate 98%min market mentality stayed soft during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB119,000-121,000/t (USD17.5-17.8/kg) EXW D/P, down by RMB4,000/t (USD0.6/kg) from late last week. Considering that vanadium alloy market prices keep moving down and couldn’t offer any effective support for raw material market, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would drop further in the coming week.
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