Chinese ammonium metavanadate prices stable
2024-04-10 08:27:56 [Print]
BEIJING (Asian Metal) 10 Apr 24 - In view of producers' thin margin and consumers' weak demand, Chinese ammonium metavanadate market prices witness steady trend this week. The current mainstream prices stand at RMB72,000-75,000/t (USD10,366-10,642/t) EXW D/P. Insiders predict that the price would remain stable in the coming week.
A producer in Fujian claimed that their quotation for ammonium metavanadate stays at RMB74,000/t (USD10,231/t) EXW D/P and refuse any further concession on prices. "We sold 60t at RMB74,000/t (USD10,231/t) EXW D/P yesterday, and we may have one deal these two days for around 30t, so we have no intention to lower price so far," noted the producer. He foresees the price would stay at this level in the week to come due to the too low profit.
Based on an annual production capacity of 2,500t, the producer expects to produce 180t in April. He produced 150t last month and 2,000t last year. He holds no stock now.
Another producer in Hebei mentioned that they still quote ammonium metavanadate at RMB75,000/t (USD10,642/t) EXW D/P and refuse further discount. He last sold about 60t at the price of RMB76,000/t (USD10,508/t) EXW D/P last week and closed no deal until now. "We have no intention to sell below RMB75,000/t (USD10,642/t) EXW D/P for the too low margin. However a client wants to purchase at RMB70,000/t (USD9,678/t) EXW D/P this morning, but we refused," complained the producer, who holds an wait-and-see attitude on market.
With an annual production capacity of 3,000t, the producer plans to produce 100t this month. He produced 100t in March and 1,200t last year. He has 90t inventory now.
A producer in Fujian claimed that their quotation for ammonium metavanadate stays at RMB74,000/t (USD10,231/t) EXW D/P and refuse any further concession on prices. "We sold 60t at RMB74,000/t (USD10,231/t) EXW D/P yesterday, and we may have one deal these two days for around 30t, so we have no intention to lower price so far," noted the producer. He foresees the price would stay at this level in the week to come due to the too low profit.
Based on an annual production capacity of 2,500t, the producer expects to produce 180t in April. He produced 150t last month and 2,000t last year. He holds no stock now.
Another producer in Hebei mentioned that they still quote ammonium metavanadate at RMB75,000/t (USD10,642/t) EXW D/P and refuse further discount. He last sold about 60t at the price of RMB76,000/t (USD10,508/t) EXW D/P last week and closed no deal until now. "We have no intention to sell below RMB75,000/t (USD10,642/t) EXW D/P for the too low margin. However a client wants to purchase at RMB70,000/t (USD9,678/t) EXW D/P this morning, but we refused," complained the producer, who holds an wait-and-see attitude on market.
With an annual production capacity of 3,000t, the producer plans to produce 100t this month. He produced 100t in March and 1,200t last year. He has 90t inventory now.
