BEIJING (Asian Metal) 24 May 23 – In view of increasing vanadium alloy bidding prices, Chinese ammonium metavanadate market mentality stayed active and producers all preferred to hold back from selling over the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB102,000-104,000/t (USD14.5-14.8/kg) EXW D/P, up by RMB6,000/t (USD0.9/kg) from late last week.
Considering that few producers have inventory pressure now, insiders expect that the mainstream prices of Chinese ammonium metavanadate 98%min would move up slightly in the coming week.
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