BEIJING (Asian Metal) 12 May 20 – With an annual production capacity of 840t for ammonium metavanadate, Shanyang Hongchang Vanadium Co., Ltd. resumed production from this Monday. Before that, they have been out of production for about sit months due to the COVID-19, a source told Asian Metal.
“We were selling the history stocks during the past six months. This Monday, we had all our workers in place and resumed production after the COVID-19,” said the source. They could produce about 60t-70tpm ammonium metavanadate 98%min per month, which equals to about 40-50tpm of vanadium pentoxide 98%min. They quote at RMB92,000/t (USD13/kg) Inc-VAT EXW D/P for their ammonium metavanadate 98%min now and plan to reduce 15t of inventory within this week.
Located in Shanyang, Shangluo, they are one of four producers for ammonium metavanadate 98%min in Shaanxi. They have a stone-coal mine and would use their own stone-coal to produce ammonium metavanadate. They produced about five months in 2019 and were out of production from last November to today, holding about 60t of stocks now.
This Monday, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB92,000-94,000/t (USD13-13.3/kg) Inc-VAT EXW D/P, up by RMB500/t (USD0.1/kg) from last week.
www.asianmetal.com
