Chinese Ammonium Metavanadate Prices Down

BEIJING (Asian Metal) 15 Sep 23 – Given soft demand from downstream clients, most Chinese ammonium metavanadate producers are bearish about the market outlook and start cutting prices. Mainstream prices of Chinese ammonium metavanadate NH4VO3 98%min, S 0.01%max, P 0.03%max stand at RMB86,000-88,000/t (USD11,819-12,093/t) EXW D/P currently, down by RMB1,000/t (USD1,099/t) from yesterday. Although most producers cut their prices, deals are still limited in the current market, so insiders predict that mainstream prices of Chinese ammonium metavanadate 98%min would go down further in the coming week.

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