BEIJING (Asian Metal) 28 Jun 19 – With an annual production capacity of 120t of ammonium metavanadate 98%min, Beijing Huizhong Environmental Technology Co., Ltd. will start production in early August, a source told Asian Metal.
“We are constructing the production line now. Ammonium metavanadate is only a by-product. As planned, we expect to produce 10t of ammonium metavanadate per month under normal production. We have obtained the permit from environmental authorities. Before formal production of ammonium metavanadate, we mainly sell sodium vanadate to ammonium metavanadate producers. We will produce the material independently from August, expecting an output of 9t in August,” a source from the company said.
Located in Changsha, Hunan, the company is one of few Chinese producers that produce ammonium metavanadate with by products.
This Friday, mainstream prices for Chinese ammonium metavanadate 98%min are RMB117,000-120,000/t (USD7.8-8.0/lb V) Inc-VAT EXW D/P, down by RMB6,000/t (USD0.4/lb V) from last week. Affected by weak demand, prices go down under pressure. Market participants predicted that mainstream prices for ammonium metavanadate would move down further by RMB2,000/t (USD0.1/lb V) in the coming week.
www.asianmetal.com
