Chinese ammonium metavanadate prices decrease
2024-04-04 07:23:38 [Print]
BEIJING (Asian Metal) 4 Apr 24 - Given that most consumers, dragged by the falling prices of vanadium nitride N 14%min, strongly argue for lower prices, most producers lowered their prices to maintain smooth sales this week. Therefore, the current mainstream prices stand at RMB75,000-77,000/t (USD10,366-10,642/t) EXW D/P, down by RMB2,000/t (USD276/t) from last week. Insiders forecast that the mainstream prices of Chinese ammonium metavanadate would continue to slide in the following week.
A producer in Hebei indicates that they quote RMB75,000/t (USD10,366/t) EXW D/P for ammonium metavanadate today and have no plan to accept more counteroffer, while they sold 60t at RMB77,000/t (USD10,642/t) last week. "We have to lower the price as our clients, seeing continuous price decline of vanadium nitride N 14%min, argued for lower prices strongly in the recent days and some of them even bid at prices below RMB70,000/t (USD9,675/t)," complains the producer, who predicts that the mainstream prices of Chinese ammonium metavanadate would continue to move down in the week to come.
With an annual production capacity of 3,000t, the producer expects to produce about 100t this month, without much change from last month. They produced around 1,200t in total last year. They hold nearly 90t of inventory now.
Another producer in Shandong reveals that their offer for ammonium metavanadate now stands at RMB75,000/t (USD10,366/t) EXW D/P. They received 2 to 3 inquiries from clients who targeted at RMB73,000/t (USD10,090/t) this week but closed no deal because they refused further concession. "We last sold 33t at RMB76,000/t (USD10,503/t) last week," notes the producer. They believe that the mainstream prices of Chinese ammonium metavanadate would decrease in the upcoming week.
Based on an yearly production capacity of 600t, they plan to produce about 50t in April, in line with last month. The producer produced around 500t in total last year. They have almost 30t in stock now.
A producer in Hebei indicates that they quote RMB75,000/t (USD10,366/t) EXW D/P for ammonium metavanadate today and have no plan to accept more counteroffer, while they sold 60t at RMB77,000/t (USD10,642/t) last week. "We have to lower the price as our clients, seeing continuous price decline of vanadium nitride N 14%min, argued for lower prices strongly in the recent days and some of them even bid at prices below RMB70,000/t (USD9,675/t)," complains the producer, who predicts that the mainstream prices of Chinese ammonium metavanadate would continue to move down in the week to come.
With an annual production capacity of 3,000t, the producer expects to produce about 100t this month, without much change from last month. They produced around 1,200t in total last year. They hold nearly 90t of inventory now.
Another producer in Shandong reveals that their offer for ammonium metavanadate now stands at RMB75,000/t (USD10,366/t) EXW D/P. They received 2 to 3 inquiries from clients who targeted at RMB73,000/t (USD10,090/t) this week but closed no deal because they refused further concession. "We last sold 33t at RMB76,000/t (USD10,503/t) last week," notes the producer. They believe that the mainstream prices of Chinese ammonium metavanadate would decrease in the upcoming week.
Based on an yearly production capacity of 600t, they plan to produce about 50t in April, in line with last month. The producer produced around 500t in total last year. They have almost 30t in stock now.
