BEIJING (Asian Metal) 19 Jun 19 – Currently, mainstream prices for Chinese ammonium metavanadate 98%min are RMB123,000-126,000/t (USD8.2-8.4/lb V) Inc-VAT EXW D/P, up by RMB3,000/t (USD0.2/lb V) from last week. Considering the cost keeps high, few producers would like to accept orders at low price level. Insiders believe prices of this material would keep firm in the coming week.
A producer in Hubei quotes their ammonium metavanadate 98%min at RMB126,000/t (USD8.4/lb V) Inc-VAT EXW D/P, up by RMB4,000/t (USD0.3/lb V) from last week. “The quality of our products is better than others and we have no sales pressure at the moment. We won’t accept any new orders if prices are lower than our quotation,” said the source. Their last deal was made early this week, when they sold 10t at RMB126,000/t (USD8.4/lb V). He believes prices of this material would be firm in the coming week.
With an annual production capacity of 600t for ammonium metavanadate, they produced 30t in May and expect the same volume in June, holding no stock now.
A producer in Henan quotes at RMB126,000/t (USD8.4/lb V) Inc-VAT EXW D/P for their ammonium metavanadate 98%min at the moment and can accept RMB125,000/t (USD8.4/lb V) for firm bids, up by RMB3,000/t (USD0.2/lb V) from last week. “We mainly produce for our regular clients now. We didn’t receive any new orders in the past two weeks. I believe prices would be steady in the coming week as demand keeps weak,” said the source. Their last deal was made early June, when they sold 30t at RMB110,000/t (USD7.4/lb V).
With an annual production capacity of 1,200t for ammonium metavanadate, they produced 50t in May and expect the same volume in June, holding 10t of stock now.
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