BEIJING (Asian Metal) 18 Jul 19 – Shangnan Haodi Vanadium Co., Ltd., which has an annual production capacity of 500t of ammonium metavanadate 98%min and has halted production for two months to conduct equipment maintenance, has been making preparations to resume production since July 9th and expects to resume the production of ammonium metavanadate from July 20th, a source from the company told Asian Metal.
“We usually use stone-like coal mined in Shangluo as raw material to produce ammonium metavanadate 98%min. We have halted production to make equipment maintenance since mid-May. We are making preparations to resume production now and expect to see the first batch of material after July 20th,” the source said.
Located in Shangluo, Shannxi, the main production region for stone-like coal, the company is one of four ammonium metavanadate producers in this region. It produced 20t of ammonium metavanadate in May before the production halt, down by 20t MOM, holding no stocks at the moment.
Mainstream prices for Chinese ammonium metavanadate 98%min are RMB122,000-125,000/t (USD8.20-8.40/lb V) Inc-VAT EXW D/P on Thursday, up by RMB4,000/t (USD0.30/lb V) from last week. It’s forecasted that prices for Chinese ammonium metavanadate would keep firm in the coming week as most suppliers hold back from selling now.
www.asianmetal.com
