Date:Jun 22, 2018
BEIJING (Asian Metal) 22 Jun 18 – Affected by environmental inspections, some ammonium metavanadate producers were forced to halt production, leading to decline of supply, while downstream market sees strong demand but with tight supply. Mainstream prices for Chinese ammonium metavanadate 98%min rise to RMB202,000-205,000/t (USD14.39-14.60/lb V) EXW D/P, up sharply by RMB17,000/t (USD1.21/lb V) from last week. Producers generally keep operating with low inventory, so it is predicted that prices for Chinese ammonium metavanadate would keep firm in the coming week.
A producer from North China claimed that they offer RMB205,000/t (USD14.60/lb V) EXW D/P for ammonium metavanadate 98%min at the moment, up by RMB17,000/t (USD1.21/lb V) from last week. He said, “Our company originally produced ammonium metavanadate and vanadium pentoxide flake, but now the environmental protection situation is grim, while pollution discharge for calcining vanadium pentoxide flake cannot pass the environmental protection requirements, so we halted production of the material. Now our main product is only ammonium metavanadate and we sold out all stocks this Wednesday. Now the material is now out of production, so we are not in a hurry to accept new orders.” They last sold out all stocks of 20t of ammonium metavanadate 98%min at RMB202,000/t (USD14.39/lb V) EXW D/P this Wednesday. The source expected that prices for Chinese ammonium metavanadate 98%min would exceed RMB210,000/t (USD14.96/lb V) EXW D/P in the coming week.
