Date: Apr 02, 2019
BEIJING (Asian Metal) 2 Apr 19 – Currently, mainstream prices for Chinese ammonium metavanadate 98%min are RMB180,000-183,000/t (USD12.42-12.63/lb V) Inc-VAT EXW D/P, down by RMB14,000/t (USD0.97/lb V) from last week. Considering the demand keeps 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 South China quotes ammonium metavanadate 98%min at RMB185,000/t (USD12.77/lb V) Inc-VAT EXW D/P and can sell at RMB183,000/t (USD12.63/lb V) for firm bids at the moment, down by RMB17,000/t (USD1.17/lb V) from last week. “I sold 10t of this material at RMB200,000/t (USD13.80/lb V) early last week. This week, a regular consumer send inquiry to me and they want to buy 10t just at no more than RMB180,000/t (USD12.42/lb V),” said the source. He added, they can at least accept RMB183,000/t (USD12.63/lb V) now, so they didn’t close the deal at last. Considering the demand keeps soft, he believes prices of this material would drop by RMB3,000/t (USD0.21/lb V) in the coming week.
