Chinese ammonium metavanadate prices steady
2024-03-29 08:36:40 [Print]
Chinese ammonium metavanadate prices steady
Beijing (Asian Metal) 28 Mar 24 - Given the weak demand from consumers, the price of Chinese ammonium metavanadate 98%min dropped by RMB2,500/t (USD346/t) over the past week. However, producers reject lower prices due to the thin margin. The current mainstream prices stay at RMB77,500-79,500/t (USD10,729-USD11,006/t) EXW D/P, in line with one week ago. In view of producers' thin margin, insiders forecast that the price would continue standing at current levels in the coming week.
A producer in Fujian disclosed that they still quote RMB78,000/t (USD10,835/t) EXW D/P for ammonium metavanadate 98%min now and refuse to sell at prices lower than RMB78,000/t (USD10,835/t) EXW D/P. "Due to the market downturn, we sold 60t at the price of 78,000/t (USD10,835/t) EXW D/P last week, and now we are facing the dilemma of selling at a loss," said the producer, who complains the pessimistic market. He thinks that the price would stand at current levels this week.
Based on an annual production capacity of 2,500t, the producer plans to produce 150t this month. He produced around 360t so far in 2024, compared with approximately 2,000t in 2023. He has 30t in stock now.
A producer in Hebei illustrated that they expect to sell at the price of RMB80,000/t (USD11,113/t) EXW D/P now, however they have no deals with this price until now. "I last sold 60t at the price of RMB78,000/t (USD10,835/t) EXW D/P early last week, and we do not have too much inventory now, so we hope to sell at a higher price," said the producer, who foresees the stable prices of ammonium metavanadate 98%min in the coming week.
With an annual production capacity of 2,400t, the producer produced 1,200t last year. They expect to produce 90t this month, compared with 120t last month. They have 30t inventory now.
Beijing (Asian Metal) 28 Mar 24 - Given the weak demand from consumers, the price of Chinese ammonium metavanadate 98%min dropped by RMB2,500/t (USD346/t) over the past week. However, producers reject lower prices due to the thin margin. The current mainstream prices stay at RMB77,500-79,500/t (USD10,729-USD11,006/t) EXW D/P, in line with one week ago. In view of producers' thin margin, insiders forecast that the price would continue standing at current levels in the coming week.
A producer in Fujian disclosed that they still quote RMB78,000/t (USD10,835/t) EXW D/P for ammonium metavanadate 98%min now and refuse to sell at prices lower than RMB78,000/t (USD10,835/t) EXW D/P. "Due to the market downturn, we sold 60t at the price of 78,000/t (USD10,835/t) EXW D/P last week, and now we are facing the dilemma of selling at a loss," said the producer, who complains the pessimistic market. He thinks that the price would stand at current levels this week.
Based on an annual production capacity of 2,500t, the producer plans to produce 150t this month. He produced around 360t so far in 2024, compared with approximately 2,000t in 2023. He has 30t in stock now.
A producer in Hebei illustrated that they expect to sell at the price of RMB80,000/t (USD11,113/t) EXW D/P now, however they have no deals with this price until now. "I last sold 60t at the price of RMB78,000/t (USD10,835/t) EXW D/P early last week, and we do not have too much inventory now, so we hope to sell at a higher price," said the producer, who foresees the stable prices of ammonium metavanadate 98%min in the coming week.
With an annual production capacity of 2,400t, the producer produced 1,200t last year. They expect to produce 90t this month, compared with 120t last month. They have 30t inventory now.
