BEIJING (Asian Metal) 27 Apr 20 – Hyosung South Korea is about to produce ammonium metavanadate in their Kazakhstan plant according to the local vanadium mineral resources and they would supply about 100tpm to China one month later, sources told the Asian Metal.

“Our production base locates in Kazakhstan and the production specification is ammonium metavanadate 95%min. In normal, we could supply about 100tpm to China and we are developing Chinese buyers now,” said the source of this company. They would refer to prices of Chinese ammonium metavanadate 98%min and would make 10% discount to potential buyers in China. They prepare to supply from the end of May.

As the demand from end consumers in international market stays soft, Hyosung would make China as their main sales market.

Currently, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB89,000-91,000/t (USD12.6-12.9/kg) Inc-VAT EXW D/P, up by RMB2,000/t (USD0.3/kg) from last week.

www.asianmetal.com