BEIJING (Asian Metal) 4 Jan 23 – In view of the low recovery rate in winter, few producers would like to quote to sell and the market mentality went strong slightly during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB120,000-122,000/t (USD17.2-17.5/kg) EXW D/P, up by RMB2,000/t (USD0.3/kg) from early last week. Considering that most buyers have strong intention to build inventory before the Spring Festival Holidays, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would move up further in the coming week.
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