Changjiang Iron & Steel Announces Bidding Results For Vanadium Nitride

BEIJING (Asian Metal) 24 May 19 – Anhui Changjiang Iron & Steel Co., Ltd. completed bidding to purchase 60t of vanadium nitride at RMB180,000/t (USD33.8/kg V) delivered D/A 180 days early this week.

The bidding price is lower than the market expectation price, which puts great pressure on the decline in prices for vanadium nitride.

At present, mainstream prices for vanadium nitride in Chinese market are RMB178,000-181,000/t (USD33.4-34/kg V) EXW D/A 180 days, down by RMB19,000/t (USD3.6/kg V) from last week. Market insiders hold low confidence about the price of the material. It’s expected that prices for Chinese vanadium nitride would keep downward trend under pressure in the coming week.