Chinese ammonium metavanadate prices drop
Date: Mar 26, 2019
BEIJING (Asian Metal) 26 Mar 19 – Currently, mainstream prices for Chinese ammonium metavanadate 98%min are RMB194,000-197,000/t (USD13.38-13.59/lb V) Inc-VAT EXW D/P, down by RMB11,000/t (USD0.76/lb V) from last week. Consumers only make purchase according to urgent need and the demand kept weak. Producers have to drop their quotation to promote sales. Insiders believe prices of this material would keep dropping in the coming week.
A producer in Northwest China quotes ammonium metavanadate 98%min at RMB200,000/t (USD13.80/lb V) and can sell at RMB197,000/t (USD13.59/lb V) for firm bids, down by RMB11,000/t (USD0.76/lb V) from last week.
