Chinese ammonium metavanadate prices up strongly
Date:Jul 06, 2018
BEIJING (Asian Metal) 6 Jul 18 – Currently, mainstream prices for Chinese ammonium metavanadate 98%min rise to RMB244,000-247,000/t (USD17.02-17.23/lb V) EXW D/P, up by RMB27,000/t (USD1.88/lb V) from last week. Due to strict environmental inspection, many ammonium metavanadate producers cut output and hold strong intentions to support prices and hold back from selling, so it is predicted that low-level prices for Chinese ammonium metavanadate would exceed RMB250,000/t (USD17.44/lb V) EXW D/P in the coming week.
A producer from North China claimed that they offer RMB250,000/t (USD17.44/lb V) EXW D/P for ammonium metavanadate 98%min at the moment, up by RMB27,000/t (USD1.88/lb V) from last week. He said, “We use vanadium-extract process from bone coal to produce ammonium metavanadate. Due to strict environmental protection, we cannot keep stable production with output affected seriously, so we have few stocks for sale. We received one enquiry from a consumer yesterday who intended to purchase 30t of ammonium metavanadate. With this substantial purchase volume, we made a concession and concluded the deal at RMB247,000/t (USD17.23/lb V) EXW D/P finally.” Now ammonium metavanadate market sees strong demand. He expected that prices for Chinese ammonium metavanadate would generally increase to over RMB250,000/t (USD17.44/lb V) EXW D/P in the coming week.
