BEIJING (Asian Metal) 2 Apr 20 – Currently, mainstream prices of Chinese ammonium metavanadate 98%min stand at RM89,000-92,000/t (USD12.5-13.0/kg) Inc-VAT EXW D/P, the same as last week. Most consumers only make purchase according to urgent need and the demand stays soft. As the cost keeps high, few suppliers would like to drop their quotation to absorb orders. Insiders believe that mainstream prices of Chinese ammonium metavanadate would keep weak in the coming week.

A producer in South China quotes their ammonium metavanadate 98%min at RMB91,000/t (USD12.8/kg) Inc-VAT EXW D/P and they can accept RMB90,000/t (USD12.7/kg) for firm bids, the same as last week. “We won’t accept any orders below this price level. To be frank, we prefer to produce vanadium pentoxide flake 98%min by OEM,” said the source. He added, “We can close deals at RMB94,000/t (USD6.1/lb V2O5) EXW D/P for vanadium pentoxide flake 98%min.” He believes that mainstream prices of Chinese ammonium metavanadate 98%min would keep steady in the coming week.

With an annual production capacity of 1,000t, they produced 70t in March and expect the same volume in April, holding 160t of stocks now, down by 40t from last month.

A producer in North China quotes their ammonium metavanadate 98%min at RMB92,000/t (USD13.0/kg) Inc-VAT EXW D/P and they can accept RMB91,500/t (USD12.9/kg) for firm bids, unchanged from last week. “We didn’t produce during the past two months because of the thin profit margin. We are selling the history stocks now,” said the source. Their last deal was made late last week, when they sold 15t at RMB91,500/t (USD12.9/kg). Considering price of downstream vanadium products keep dropping, he believes that mainstream prices of ammonium metavanadate 98%min would be weak in the coming week.

With an annual production capacity of 2,100t, they produced 1,200t in 2019. They have no plan to resume production in April. Holding 400t of stocks now, down by 200t from March.

www.asianmetal.com