BEIJING (Asian Metal) 14 Nov 19 – Currently, mainstream prices for Chinese ammonium metavanadate 98%min stand at RMB92,000-95,000/t (USD13.1-13.5/kg) Inc-VAT EXW D/P, up by RMB3,000/t (USD0.4/kg) from late last week. As prices of downstream vanadium products rebound, inquiries for ammonium metavanadate tend to be active. Insiders believe prices of this material would increase slightly in the coming week.
A producer in Northwest China quotes their ammonium metavanadate 98%min at RMB95,000/t (USD13.5/kg) Inc-VAT EXW D/P and can accept RMB94,000/t (USD13.4/kg) for firm bids, up by RMB3,000/t (USD0.4/kg) from late last week. “Our last deal was made last Friday, when we sold 15t at RMB91,000/t (USD13.0/kg). We have no inventory pressure now and we are in no hurry to absorb new orders,” said the source. He believes prices of this material would increase to RMB98,000/t (USD14.0/kg) in the coming week.
With an annual production capacity of 720t, they produced 40t in October and expect the same volume in November, holding10t of stocks now.
A consumer in South China claimed the lowest price for ammonium metavanadate 98%min he received increased to RMB95,000/t (USD13.5/kg) Inc-VAT EXW D/P now, up by RMB3,000/t (USD0.4/kg) from last week. “Our last deal was made early last week, when we bought 30t at RMB92,000/t (USD13.1/kg),” said the source. He added, “I heard prices of ferrovanadium 50%min produced by electric furnace increased to RMB105,000/t (USD29.9/kg V) now, up by RMB4,000/t (USD1.1/kg V) from one week ago.” He believes prices of ammonium metavanadate 98%min would increase by RMB5,000/t (USD0.7/kg) in the coming week.
With an annual consumption capacity of 240t, they consumed 220t in 2018 and have consumed 180t this year. They expect to consume 18t in November, the same with October, holding 20t of stocks now, unchanged from last month.
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