Luofan Technology' ammonium metavanadate production capacity to increase
2024-03-14 08:26:10 [Print]
BEIJING (Asian Metal) 14 Mar 24 - Luofan Technology Industrial Co., one of the major ammonium metavanadate 98%min producers in Jiangxi province of China, would increase its ammonium metavanadate 98%min production capacity into 2,000t since May 2024, compared with current 1,000t.
"We halted ammonium metavanadate 98%min production and started equipment upgrading since late October 2023 and our production capacity would reach 2,000t since this May," said a source from the company.
Established in 2018, Luofan Technology Industrial Co. owns an annual production capacity of 1,000t of ammonium metavanadate 98%min production at present. The company's output in 2023 recorded approximately 600t. It doesn't have inventory at present, unchanged MoM.
The current ammonium metavanadate 98%min mainstream prices in Jiangxi province of China dropped to RMB82,000-83,000/t (USD/t) EXW D/P, a decrease of about RMB2,000/t (USD/t) from one week ago.
"We halted ammonium metavanadate 98%min production and started equipment upgrading since late October 2023 and our production capacity would reach 2,000t since this May," said a source from the company.
Established in 2018, Luofan Technology Industrial Co. owns an annual production capacity of 1,000t of ammonium metavanadate 98%min production at present. The company's output in 2023 recorded approximately 600t. It doesn't have inventory at present, unchanged MoM.
The current ammonium metavanadate 98%min mainstream prices in Jiangxi province of China dropped to RMB82,000-83,000/t (USD/t) EXW D/P, a decrease of about RMB2,000/t (USD/t) from one week ago.
