BEIJING (Asian Metal) 5 May 23 – Due to the dropping vanadium alloy prices, Chinese ammonium metavanadate market mentality kept going week during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB99,000-101,000/t (USD14.3-14.6/kg) EXW D/P, down by RMB2,000/t (USD0.3/kg) from late last week. Considering that few buyers would like to add inventory and the sufficient supply in spot market continues, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would move down further in the coming week.
“Ferrovanadium 50%min bidding prices kept going down, which seriously reduced our confidence. In order to guarantee our market competitiveness, we could accept RMB100,000/t (USD14.5/kg) EXW D/P for firm bids now,” said a producer in South China. They last sold 20t of ammonium metavanadate 98%min at RMB102,000/t (USD14.8/kg) EXW D/P about one week ago. Considering that most buyers prefer to watch the market and inquiries in spot market stay rare for the moment, they predict that the mainstream prices of Chinese ammonium metavanadate 98%min would drop to around RMB95,000/t (USD13.7/kg) in the following week.
Please visit for more information https://www.asianmetal.com/news/1933127/Chinese-ammonium-metavanadate-prices-decline/14
