BEIJING (Asian Metal) 30 Apr 20 – With an annual production capacity of 2,400 for ammonium metavanadate, Hunan Chuangda Vanadium Tungsten Co. LTD resumed their production at the end of April. Before that, they have been out of production for more than two months due to the COVID-19.
“Due to the COVID-19, we didn’t produce after the Spring Festival. We just resumed production from the end of April and plan to produce about 150t of ammonium metavanadate 98%min in May,” said the source. Their downstream clients are mainly chemical enterprises, who has high requirements for trace elements in ammonium metavanadate. Because of the high quality of their products, they quote their ammonium metavanadate 98%min as high as RMB95,000/t (USD13.4/kg) Inc-VAT EXW D/P at the moment.
Located in Hengyang, Hunan, they are one of the major top 3 producers for ammonium metavanadate 98%min in China. They can produce 150tpm of ammonium metavanadate 98%min in normal, which equals to about 100t of vanadium pentoxide 98%min.
This Wednesday, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB90,000-92,000/t (USD12.7-13.0/kg) Inc-VAT EXW D/P, up by RMB1,000/t (USD0.1/kg) from last week. Most consumers only purchase according to urgent need and prices could hardly keep rising due to the soft demand.
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