8th World Antimony Forum

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Guiyang, Guizhou, China

12th Rare Earth Summit

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Hangzhou, Zhejiang, China

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Hangzhou, Zhejiang, China

9th Magnesium Summit

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13th World InBiGeGa Forum

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7th World Antimony Forum

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Chinese ammonium metavanadate prices drop

2019-03-26 08:42:30   【Print】
BEIJING (Asian Metal) 26 Mar 19 - Currently, mainstream prices for Chinese ammonium metavanadate 98%min are RMB194,000-197,000/t (USD13.Asian Metal Copyright "Generally, I make deals with our clients without tax.Asian Metal Copyright38-13.59/lb V) Inc-VAT EXW D/P, down by RMB11,000/t (USD0.76/lb V) from last week.Asian Metal Copyright Their last deal was made two weeks ago, when they sold 20t at RMB240,000t USD16.Asian Metal Copyright Consumers only make purchase according to urgent need and the demand kept weak.Asian Metal Copyright "Generally, I make deals with our clients without tax.Asian Metal Copyright Producers have to drop their quotation to promote sales.Asian Metal Copyright40lb V but only can close deal at RMB197,200t USD13.Asian Metal Copyright Insiders believe prices of this material would keep dropping in the coming week.

A producer in Northwest China quotes ammonium metavanadate 98%min at RMB200,000/t (USD13.80/lb V) and can sell at RMB197,000/t (USD13.59/lb V) for firm bids, down by RMB11,000/t (USD0.76/lb V) from last week.Asian Metal Copyright He believes prices of this material would drop to RMB190,000t USD13.Asian Metal Copyright "I didn't close any new deals in the past week.Asian Metal Copyright Insiders believe prices of this material would keep dropping in the coming week.Asian Metal Copyright In order to promote sales, we would like to drop our quotation to reduce our stock," said the source. Their last deal was made two weeks ago, when they sold 20t at RMB240,000/t (USD16.56/lb V). He believes prices of this material would drop to RMB190,000/t (USD13.1/lb V) in the coming week as demand keeps weak.

With an annual production capacity of 2,400t ammonium metavanadate, they produced 80t in February and expect 100t in March, holding 30t stock now.

A producer in South China offers ammonium metavanadate 98%min at RMB208,800/t (USD14.40/lb V) but only can close deal at RMB197,200/t (USD13.60/lb V) at the moment, down by RMB10,000/t (USD0.69/lb V) from last week.Asian Metal Copyright With an annual production capacity of 2,400t ammonium metavanadate, they produced 80t in February and expect 100t in March, holding 30t stock now.Asian Metal Copyright "Generally, I make deals with our clients without tax. I tried to quote at RMB180,000/t (USD12.42/lb V) no tax this Monday but the buyer only wants to buy at no more than RMB170,000/t (USD11.73/lb V) no tax," said the source.Asian Metal Copyright60lb V at the moment, down by RMB10,000t USD0.Asian Metal Copyright He added, the volume for this deal is 30t. Considering the inquiries are rare, he believes prices of this material would drop by RMB3,000/t (USD0.21/lb V) in the coming week.

With an annual production capacity of 600t ammonium metavanadate, they produced 30t in February and expect 40t in March, holding no stock now.
.Asian Metal Copyright He believes prices of this material would drop to RMB190,000t USD13.Asian Metal Copyright