Chinese Ammonium Metavanadate Market Sees Soft Demand

BEIJING (Asian Metal) 11 Sep 23 – Since early last week downstream demand for ammonium metavanadate remains soft, so most producers cut or suspend production so as to prevent their stocks from increasing, but they still keep their prices firm as a result of high costs. Currently, mainstream prices for Chinese ammonium metavanadate NH4VO3 98%min, S 0.01%max, P 0.03%max stay at RMB90,000-92,000/t (USD12,298-12,570/t) EXW D/P, unchanged from early last week. Considering that most producers feel bearish on future price trends, insiders believe that mainstream prices for Chinese ammonium metavanadate would go down in the coming week.

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