Yongheng Chemical To Resume Production Of Ammonium Metavanadate

BEIJING (Asian Metal) 6 Mar 20 – With an annual production capacity for 2,000t of ammonium metavanadate, Chongyang Yongheng Chemical Co., Ltd. would resume production from March 10.

“We can produce ammonium metavanadate 98%min for 100tpm in normal. Due to the virus, we have been out of production for one month now. In order to reduce the loss, we decide to resume production from next Tuesday,” said the source. They mainly sell history stocks at the moment. They quote at RMB94,000/t (USD13.6/kg) EXW D/P and they can accept RMB93,000/t (USD13.4/kg) for firm bids.

Located in Chongyang, Hubei, they are one of the major top 5 producers for ammonium metavanadate 98%min in China. They have 200t of stocks now.

Currently, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB90,000-93,000/t (USD13.0-13.4/kg) EXW D/P, unchanged from last week.