BEIJING (Asian Metal) 23 Aug 22 – As market prices stayed below the production cost line for long time, producers strongly wanted to increase their prices. However, due to the soft demand from terminal user, Chinese ammonium metavanadate market mentality stayed in a stalemate during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB98,000-100,000/t (USD14.4-14.7/kg) EXW D/P, unchanged from middle last week. Considering that the quiet market continues, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would stay in a stalemate in the following week.
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