Chinese ammonium metavanadate prices up stably
Date:Jun 15, 2018
BEIJING (Asian Metal) 15 Jun 18 – Currently, mainstream prices for Chinese ammonium metavanadate 98%min are in the range of RMB185,000-188,000/t (USD13.31-13.53/lb V) Inc-VAT EXW D/P now, up by RMB5,000/t (USD0.36/lb V) from last week. Consumers send enquiries actively and producers generally keep operating with low or even zero inventory, so it is predicted that prices for Chinese ammonium metavanadate would keep rising stably in the coming week.
A producer from South China claimed that the lowest price for ammonium metavanadate 98%min they can accept stands at RMB185,000/t (USD13.31/lb V) Inc-VAT EXW D/P at the moment, up by RMB5,000/t (USD0.36/lb V) from last week. He said, “Now the environmental protection situation is grave, while ammonium metavanadate production is a highly polluting industry, so our neighboring producers have all halted production and we also followed suit. We are currently in the process of overhauling and we expect to resume production by the end of June. Currently, we mainly sell previous inventory and are not in hurry to accept new orders.” They last sold 10t of ammonium metavanadate 98%min at RMB180,000/t (USD12.95/lb V) Inc-VAT EXW D/P last Thursday. The source expected that prices for Chinese ammonium metavanadate 98%min would rise by at least RMB2,000/t (USD0.14/lb V) in the coming week.
