Chinese Ammonium Metavanadate Prices Drop

BEIJING (Asian Metal) 23 Mar 23 – As vanadium alloy bidding prices keep moving down, Chinese ammonium metavanadate prices couldn’t get effective support and the market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB128,000-130,000/t (USD18.4-18.7/kg) EXW D/P, down by RMB1,000/t (USD0.1/kg) from late last week.¬†Considering that few buyers would like to add inventory and the rare inquiries in spot continues, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would edge down in the coming week.

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