Date: Jan 18, 2018
BEIJING (Asian Metal) 18 Jan 18 – Currently, mainstream transaction prices for Chinese ammonium metavanadate 98%min hold at RMB170,000-175,000/t (USD12.23-12.59/lb V) EXW D/P, up by RMB5,000/t (USD0.36/lb V) from last week. Most market players believe that, as prices in the Chinese vanadium market have already risen to a high level and it’s becoming difficult for them to go up further, prices for ammonium metavanadate would remain stable at a high level in the coming week.
A producer in North China said, “Most of our clients are traders. Now the ammonium metavanadate market is stable, without many trading activities. Since early this week we keep our quotations unchanged, just watching from the sidelines.” At present, the source quotes ammonium metavanadate 98%min at RMB175,000/t (USD12.59/lb V) EXW D/P and gives a discount of RMB1,000/t (USD0.07/lb V) at most according to clients’ purchasing volumes and payment terms, accepting no orders at below this level.
With an annual production capacity of 600t of ammonium metavanadate, the source made sales depending mainly on their stocks in December 2017 and produced only 20t that month, down by 30t from November, and so far their stocks have all been sold out.
