BEIJING (Asian Metal) 2 Jul 20 – With an annual production capacity of 720t for ammonium metavanadate 98%min, Hunan Jinhe Vanadium Products Industry And Trade Co., Ltd would resume production at the end of July. Before that, they have been out of production for about 6 months.
“We are dealing with the work safety license at the moment, which expired at end of this May. According to the process, we would resume production at the end of this month,” a source from this company said. Due to the COVID-19, this company didn’t produce in the first half of this year. They would buy stone-coal as raw material and their raw material costs would follow the price of ammonium metavanadate.
Located in Changsha, they are one of four producers for ammonium metavanadate in Hunan. In normal, they could produce about 60tpm of ammonium metavanadate 98%min and the burning rate keeps at around 65%-68%.
Currently, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB100,000-102,000/t (USD14.2-14.4/kg) Inc-VAT EXW D/P, unchanged from this Monday. The market keeps quiet.
www.asianmetal.com
