Chinese ammonium metavanadate market sees chaotic prices rise

Date: Sep 20, 2018

BEIJING (Asian Metal) 20 Sep 18 – Currently, Chinese ammonium metavanadate market sees chaotic prices rise with the prices for ammonium metavanadate 98%min being over RMB310,000/t (USD20.94/lb V). The mainstream prices for the material stand at RMB310,000-313,000/t (USD20.94-21.15/lb V) Inc-VAT EXW D/P, up sharply by RMB36,000/t (USD2.43/lb V) from last week. Due to the tight supply in spot market, producers with stocks held back from selling. So it was very difficult to purchase the material. Prices for Chinese ammonium metavanadate might continue to rise sharply in the coming week.

A producer in South China noted that the lowest price for ammonium metavanadate 98%min they could accept is RMB310,000/t (USD20.94/lb V) Inc-VAT EXW D/P at present, up by RMB35,000/t (USD2.36/lb V) from last week. He said, “We used to produce ammonium metavanadate and vanadium pentoxide flake. But as the environment protection is severe now and the waste discharge in the production of vanadium pentoxide flake failed to meet the environmental protection requirements, we suspended the production of the material. We mainly sell ammonium metavanadate at present, and the stocks were cleared this Tuesday. As we cannot produce the products, we are in no hurry to accept new orders.” The source revealed that they sold all of their 10t of stocks of ammonium metavanadate 98%min at RMB310,000/t (USD20.94/lb V) Inc-VAT EXW D/P this Tuesday. He predicted that the price for Chinese ammonium metavanadate 98%min would rise to RMB340,000/t (USD22.97/lb V) in the coming week.

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