Chinese ammonium metavanadate prices keep rising sharply

Date:Jun 28, 2018

BEIJING (Asian Metal) 28 Jun 18 – Chinese vanadium market sees mixed uptrend now with prices for all vanadium products up sharply. The market sees both high and low prices. In particular, mainstream prices for Chinese ammonium metavanadate 98%min rise to RMB217,000-220,000/t (USD15.20-15.41/lb V) EXW D/P, up by RMB15,000/t (USD1.05/lb V) from last week. Most market participants hold wait-and-see attitudes towards the market outlook, so it is predicted that prices for Chinese ammonium metavanadate would keep increasing rapidly in the coming week.

A producer from North China claimed that they offer RMB220,000/t (USD15.41/lb V) EXW D/P for ammonium metavanadate 98%min at the moment, up by RMB15,000/t (USD1.05/lb V) from last week. He said, “Due to strict environmental protection now, we cannot produce ammonium metavanadate and still have many orders to be delivered. It is needed to wait at least two weeks before delivery for current new orders.” Now ammonium metavanadate is in tight supply. This Wednesday, they received an enquiry from a consumer who intended to purchase 30t of ammonium metavanadate 98%min at RMB185,000/t (USD12.95/lb V) Ex-VAT EXW D/P, which is being concluded now.

To read full article please click here