Chinese Ammonium Metavanadate Market Saw Stalemate Mentality

BEIJING (Asian Metal) 22 Nov 22 РThough most ammonium metavanadate producers prefer to hold back from selling for the moment, few buyers would like to build inventory either. The market mentality falls into a stalemate. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB113,000-115,000/t (USD15.8-16.1/kg) EXW D/P, down by RMB1,000/t (USD0.1/kg) from early last week. Considering that inquires in spot market stay rare now, insiders believe that the mainstream prices of Chines ammonium metavanadate 98%min would stay in a stalemate in the coming week.

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