Chinese Ammonium Metavanadate Prices Increase
BEIJING (Asian Metal) 1 Jun 20 – Currently, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB95,000-97,000/t (USD13.3-13.6/kg) Inc-VAT EXW D/P, up by RMB1,000/t (USD0.1/kg) from last week. As prices of downstream vanadium products keep rebounding, suppliers of ammonium metavanadate prefer to hold their goods and wait for higher prices. Insiders believe that mainstream prices of ammonium metavanadate 98%min would stay firm in the coming week.
A producer in North China quotes their ammonium metavanadate 98%min at RMB96,000/t (USD13.5/kg) Inc-VAT EXW D/P and refuses to accept any discount now, up by RMB1,000/t (USD0.1/kg) from last week. “We sold 20t at RMB95,000/t (USD13.3/kg) late last week. Inquiries increased significantly during the past week but we are in no hurry to accept new orders as we have no inventory pressure now,” said the source. Considering downstream prices of vanadium nitride keep rebounding, he believes that dealing prices of ammonium metavanadate 98%min would stay firm in the coming week.
With an annual production capacity of 600t, they produced about 360t in 2019 and about 170t so far this year. They produced about 40t in May, unchanged from April, holding about 5t of stocks now, down by 35t from last month.
A consumer in South China notes the current price for ammonium metavanadate 98%min he received stands at RMB97,000/t (USD13.6/kg) Inc-VAT EXW D/P, up by RMB3,000/t (USD0.4/kg) from last week. “We bought 30t at RMB94,000/t (USD13.2/kg) early last week and our regular supplier refuses to accept any orders below RMB97,000/t (USD13.6/kg) at the moment,” said the source. The current market price of vanadium pentoxide flake 98%min he received increases to RMB103,000/t (USD6.7/lb V2O5) now, up by RMB4,000/t (USD0.3/lb V2O5) from last week. Considering prices of downstream vanadium products keep rebounding, he believes that mainstream prices of ammonium metavanadate 98%min would stay firm in the coming week.
With an annual consumption capacity of 800t, they consumed about 510t in 2019 and about 125t so far this year. They expect to consume about 50t in May, up by 25t from April, holding about 30t of stocks now, up by 10t from last month.
www.asianmetal.com
