BEIJING (Asian Metal) 21 May 20 – At present, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB93,000-95,000/t (USD13.1-13.4/kg) Inc-VAT EXW D/P, up by RMB1,000/t (USD0.1/kg) from last week. Suppliers have strong intention to increase their quotation but consumes only buy according to urgent need. Insiders believe that prices of ammonium metavanadate 98%min would stay in a stalemate in the coming week.
“We sold 32t at RMB94,000/t (USD13.2/kg) Inc-VAT EXW D/P this Tuesday,” a producer in South China said. They quote at RMB95,000/t (USD13.4/kg) at the moment and would not accept any orders below their bottom price now as they have no inventory pressure, up by RMB1,000/t (USD0.1/kg) from last week. Considering their regular clients only buy according to urgent need, he believes that mainstream prices would stay in a stalemate in the coming week.
With a production capacity of 2,400tpy, they didn’t produce in April and expect to produce 100t in May, holding no stocks now.
Another producer in South China quotes their ammonium metavanadate 98%min at RMB93,000/t (USD13.4/kg) Inc-VAT EXW D/P and won’t accept any discount below this price level, up by RMB1,000/t (USD0.1/kg) from last week. “Our last deal was made early last week, when we sold 20t at RMB92,000/t (USD0.3/kg),” said the source. Considering inquiries from new clients are rare to see, he believes that prices of ammonium metavanadate 98%min would keep steady in the coming week.
With a production capacity of 2,000tpy, they expect to produce about 60t in May, up by 20t from April, holding about 100t of stocks now, down by 50t from last month.
www.asianmetal.com
