BEIJING (Asian Metal) 19 May 22 – As vanadium alloy market prices kept moving down, ammonium metavanadate 98%min prices couldn’t get effective support from downstream market and most producers held negative attitude during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB118,000-120,000/t (USD17.5-17.8/kg) EXW D/P, down by RMB2,000/t (USD0.3/kg) from late last week. In view of the sufficient supply in spot market, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would move down further in the coming week.
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