BEIJING (Asian Metal) 30 Jun 20 – With an annual production capacity of 2,400 for ammonium metavanadate, Hunan Chuangda Vanadium Tungsten Co., Ltd. to resume production on 1 July. Before that, they were out of production for about three weeks due to the environmental protection inspection in local area.
“We only produced 10 days in June and then stopped production due to the environmental protection inspection. According to our production plan, we would resume production from this Wednesday,” a source from this company said. They sold out all their stocks at RMB110,000/t (USD15.5/kg) EXW D/P about three weeks ago. She received the current dealing prices of downstream vanadium pentoxide flake 98%min stand at RMB105,500/t (USD6.9/lb V2O5) EXW D/P. Supported by downstream market, she believes that prices of ammonium metavanadate 98%min would stay firm at RMB100,000/t (USD14.1/kg) Inc-VAT EXW D/P in the coming week.
This company is one of the top 3 producers for ammonium metavanadate 98%min in China. Located in Hengyang, Hunan, they produced about 100t in May and expect to produce the same volume in July, holding no stocks now.
At the moment, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB100,000-102,000/t (USD14.1-14.4/kg) Inc-VAT EXW D/P, up by RMB1,000/t (USD0.1/kg) from late last week. Consumers only purchase according to urgent need and the market stays quiet.
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