Date: Aug 23, 2018
BEIJING (Asian Metal) 23 Aug 18 – Affected by the environmental inspection, most Chinese ammonium metavanadate producers cut their output and transactions concluded at low prices reduced obviously. Mainstream prices for Chinese ammonium metavanadate 98%min stand at RMB242,000-245,000/t (USD16.37-16.58/lb V) Inc-VAT EXW D/P at present, up by RMB2,000/t (USD0.14/lb V) from last week. As producers and downstream consumers hold steady attitude towards the market, prices for Chinese ammonium metavanadate are expected to be under adjustment in the coming week.
A producer in South China claimed that the lowest price for ammonium metavanadate 98%min they could accept was RMB245,000/t (USD16.58/lb V) Inc-VAT EXW D/P, up by RMB2,000/t (USD0.14/lb V) from last week. He said, “We last sold 30t of ammonium metavanadate 98%min at around RMB210,000/t (USD14.21/lb V) EX-VAT EXW D/P last Thursday, equivalent to RMB244,000/t (USD16.51/lb V) Inc-VAT. At present, the operating rate fails to increase affected by environmental inspection, so we are in no hurry to receive orders and would refuse counter-offers.” He revealed they only kept half of their operating rate due to the environmental inspection. He predicted that prices for Chinese ammonium metavanadate would keep firm in the coming week.
