Chinese Ammonium Metavanadate Prices Keep Firm

BEIJING (Asian Metal) 9 Oct 19 – Currently, mainstream prices for Chinese ammonium metavanadate 98%min keep firm at RMB123,000-126,000/t (USD17.2-17.6/kg) Inc-VAT EXW D/P, unchanged from two weeks ago. Due to the grim environment protection situation, insiders believe prices of ammonium metavanadate would increase slightly in the coming week for limited production.

A producer in Shannxi quotes their ammonium metavanadate 98%min at RMB125,000/t (USD17.5/kg) Inc-VAT EXW D/P now, the same with two weeks ago. “We just received an inquiry this Tuesday. One of our regular clients wants to buy 20t at no more than RMB124,000/t (USD17.4/kg) but we are in no hurry to accept new orders as we have no inventory pressure,” said the source. Their last deal was made at the end of September, when then sold 20t at RMB125,000/t (USD17.5/kg). Considering the supply keeps tight, he believes prices of ammonium metavanadate 98%min would increase by RMB1,000/t (USD0.1/kg) in the coming week.

With an annual production capacity of 840t, they produced 60t in September and expect the same volume in October, holding 5t of stocks now.

A consumer in Hunan claimed the lowest quotation for ammonium metavanadate 98%min he received stands at RMB123,200/t (USD17.2/kg) Inc-VAT EXW D/P now, unchanged from two weeks ago. “Our last deal was made last September, when we bought 30t at RMB109,000/t (USD15.3/kg) Ex VAT EXW D/P. The current quotation from our supplier didn’t change now,” said the source. Considering the environment protection situation keeps grim, he believes prices of ammonium metavanadate 98%min would increase to RMB124,000/t (USD17.4/kg) in the coming week.

With an annual consumption capacity of 600t, they consumed 450t in 2018 and have consumed 350t so far this year. They expect to consume 40t in October, unchanged from September, holding 30t of stocks now, down by 10t from last month.