BEIJING (Asian Metal) 31 May 22 – Due to lack of effective support from downstream vanadium alloy market, Chinese ammonium metavanadate 98%min producers held negative mentality during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB105,000-107,000/t (USD15.7-16/kg) EXW D/P, down by RMB8,000/t (USD1.2/kg) from early last week. Considering that the soft market mentality continues, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would drop to around RMB100,000/t (USD14.9/kg) in the coming week.
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