BEIJING (Asian Metal) 20 Jul 22 – As downstream vanadium product price kept moving down during the past week, Chinese ammonium metavanadate 98%min market price lost its support and the market mentality stayed negative accordingly. At present, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB103,000-105,000/t (USD15.2-15.5/kg) EXW D/P, down by RMB7,000/t (USD1/kg) from middle last week. Considering that most consumers prefer to watch the market and inquiries in spot market stay rare now, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would keep moving down in the coming week.
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