BEIJING (Asian Metal) 17 Sep 19 – Currently, mainstream prices for Chinese ammonium metavanadate 98%min stand at RMB122,000-125,000/t (USD17.3-17.7/kg) Inc-VAT EXW D/P, unchanged from last week. Most suppliers are facing high pressure to sell as prices of downstream vanadium products keep droping. Insiders believe prices of ammonium metavanadate would edge down in the coming week.

A producer in Southwest China noted their quotation for ammonium metavanadate 98%min keeps at RMB125,000/t (USD17.7/kg) Inc-VAT EXW D/P and can accept RMB124,300/t (USD17.6/kg) now, unchanged from last week. “Our last deal was made late last week, when we sold 30t at RMB110,000/t (USD15.6/kg) Ex-VAT EXW D/P. This is our bottom and we are in no hurry to accept new orders if prices are lower than this price level,” said the source. Considering inquiries are hard to see at the moment, he believe prices of ammonium metavanadate 98%min would drop by RMB2,000/t (USD0.3/kg) in the coming week.

With an annual production capacity of 1,000t for ammonium metavanadate, they produced 80t in August and expect the same volume in September. They would hold a regular stock for 40tpm.

A producer in Northwest China claimed their ammonium metavanadate 98%min at RMB126,000/t (USD17.8/kg) Inc-VAT EXW D/P at the moment and can accept RMB125,000/t (USD17.7/kg) for firm bids, unchanged from last week. “Our last deal was made last Wednesday, when we sold 20t at RMB125,000/t and the buyer is our regular client,” said the source. He believes prices would drop to RMB122,000/t (USD17.3/kg) in the coming week as inquiries are hard to see.

With a production capacity of 720tpy for ammonium metavanadate, they produced 50t in August and expect the same volume in September. They have about 10t for inventory now.

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