Chinese ammonium metavanadate price go up
2024-04-28 08:38:36 [Print]
BEIJING (Asian Metal) 28 Apr 24 - Supported by more active buying interest from consumers, Chinese ammonium metavanadate 99%min mainstream prices increase to RMB74,000-76,000/t (USD10,212-10,488/t) EXW D/P, up by around RMB1,000/t (USD138/t) EXW D/P from early this week. However, insiders forecast that the price would continue to move up in the upcoming week.
A producer in North China mentioned that they increase the quotation for ammonium metavanadate 99%min from RMB73,000/t (USD10,074/t) EXW D/P last week to RMB75,000/t (USD10,350/t) EXW D/P now. They sold around 60t at RMB73,000/t (USD10,074/t) EXW D/P early this week. "We increased our quotation about two days ago for more deals with consumers and we received a firm bid from a client who wants to purchase at RMB74,000/t (USD10,212/t) EXW D/P yesterday but close no deal," noted the producer, who complained that their production cost is close to RMB80,000/t (USD11,040/t).
With an annual production capacity of 1,200t, the producer produced around 80t in April and 800t last year, holding around 80t of inventory now.
Another producer in North China claimed that they raise their offer for ammonium metavanadate 99%min from RMB75,000/t (USD10,350/t) EXW D/P early this week to RMB76,000/t (USD10,488/t) EXW D/P, and refuse to sell below the price now. They almost get three to five inquiries a day these days while they could only receive one to two inquiries a day previously. "We refused a firm bid of RMB75,000/t (USD10,350/t) EXW D/P this morning because we have steady orders with our regular consumers each month, so we would keep the stock until late this month rather than sell now," said the producer, who disclosed that they increase the quotation due to more active deals from downstream customers.
Based on an annual production capacity of 8,000t, the producer produced around 400t this month, down by 200t from March. They produced about 5,000t last year and have 200t in stock now.
A producer in North China mentioned that they increase the quotation for ammonium metavanadate 99%min from RMB73,000/t (USD10,074/t) EXW D/P last week to RMB75,000/t (USD10,350/t) EXW D/P now. They sold around 60t at RMB73,000/t (USD10,074/t) EXW D/P early this week. "We increased our quotation about two days ago for more deals with consumers and we received a firm bid from a client who wants to purchase at RMB74,000/t (USD10,212/t) EXW D/P yesterday but close no deal," noted the producer, who complained that their production cost is close to RMB80,000/t (USD11,040/t).
With an annual production capacity of 1,200t, the producer produced around 80t in April and 800t last year, holding around 80t of inventory now.
Another producer in North China claimed that they raise their offer for ammonium metavanadate 99%min from RMB75,000/t (USD10,350/t) EXW D/P early this week to RMB76,000/t (USD10,488/t) EXW D/P, and refuse to sell below the price now. They almost get three to five inquiries a day these days while they could only receive one to two inquiries a day previously. "We refused a firm bid of RMB75,000/t (USD10,350/t) EXW D/P this morning because we have steady orders with our regular consumers each month, so we would keep the stock until late this month rather than sell now," said the producer, who disclosed that they increase the quotation due to more active deals from downstream customers.
Based on an annual production capacity of 8,000t, the producer produced around 400t this month, down by 200t from March. They produced about 5,000t last year and have 200t in stock now.
