BEIJING (Asian Metal) 6 Mar 20 РWith an annual production capacity of 2,400t for ammonium metavanadate, Hunan Chuangda Vanadium Tungsten Co., Ltd. plans to resume production at the end of March.

“Considering inquiries are rare to see and the market prices stay at low level now, we are in no hurry to resume production. We plan to produce from the end of this month,” said the source. They just sold 8t of ammonium metavanadate 98%min to one of their chemical clients at RMB101,000/t (USD14.6/kg) EXW D/P early this week and they have only 5t of stocks in hands now. They quote at RMB93,000/t (USD13.4/kg) EXW D/P at the moment.

Located in Hengyang, Hunan, they are one of the major top 3 producers for ammonium metavanadate 98%min in China. They can produce 100tpm in normal.

At present, mainstream prices of Chinese ammonium metavanadate 98%min stay at RMB90,000-93,000/t (USD13.0-13.4/kg) EXW D/P, the same as last week.

www.asianmetal.com