Date: Aug 29, 2018
BEIJING (Asian Metal) 29 Aug 18 – Ammonium metavanadate suppliers expected higher prices and held back from selling as most Chinese ammonium metavanadate producers suspended production due to environmental inspections. As a result, the market saw much fewer deals concluded at low prices. Currently, mainstream prices for ammonium metavanadate 98%min increase to RMB247,000-250,000/t (USD16.81-17.01/lb V) Inc-VAT EXW D/P, up by RMB5,000/t (USD0.34/lb V) from last week. Market participants predicted that prices for Chinese ammonium metavanadate would remain stable upward trend in the coming week.
A producer in South China quotes RMB250,000/t (USD17.01/lb V) Inc-VAT EXW D/P for ammonium metavanadate 98%min now, up by RMB5,000/t (USD0.34/lb V) from last week. He noted, “Production of ammonium metavanadate is seriously affected by strict environmental inspections. We could only produce 2tpd at most against the regular 5tpd, so we mainly supply regular customers at present without concluding bulk orders temporarily.” They last sold 30t of ammonium metavanadate 98%min at RMB250,000/t (USD17.01/lb V) Inc-VAT EXW D/P early this week. He predicted that prices for the material would go up by RMB5,000/t (USD0.34/lb V) in the coming week with tight supply.
