BEIJING (Asian Metal) 12 Sep 19 – Currently, mainstream prices for Chinese ammonium metavanadate 98%min stand at RMB122,000-125,000/t (USD17.1-17.6/kg) Inc-VAT EXW D/P, unchanged from late last week. Most consumers only make purchase according to urgent need and the market stays quiet at the moment. Insiders believe prices of ammonium metavanadate would be steady in the coming week.
A producer in Henan conveyed their quotation for ammonium metavanadate 98%min stands at RMB126,000/t (USD17.7/kg) Inc-VAT EXW D/P and can accept RMB125,000/t (USD17.6/kg) now, unchanged from last week. “Our last deal was made in late August, when we sold 30t at RMB125,000/t (USD17.6/kg). We haven’t closed any deals yet this month and our regular major client just wants to buy at no more than RMB122,000/t (USD17.1/kg) at the moment,” said the source. As they have no stock pressure, they would not drop price to absorb new orders. They are watching the market now and he believes prices of ammonium metavanadate would stay weak in the coming week.
With an annual production capacity of 1,200t for ammonium metavanadate, they produced 80t in August and expect 50t in September for lack of orders, holding 10t of stocks now.
A producer in Shandong quoted their ammonium metavanadate 98%min bottom at RMB125,000/t (USD17.6/kg) Inc-VAT EXW D/P now, unchanged from last week. “It’s hard to close deals at the current price level now and all of our clients are watching the market as prices of downstream vanadium products are dropping,” said the source. Their last deal was made late last week, when they sold 10t at RMB125,000/t (USD17.6/kg). He believes prices of ammonium metavanadate would keep steady in the coming week.
With a production capacity of 600tpy for ammonium metavanadate, they produced 30t in August and expect the same volume in September. They have about 15t for inventory now.
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