Chongyang Jiufu Technology Puts Into Use For The Second Vanadium Nitride Production Line

BEIJING (Asian Metal) 17 Jul 20 Chongyang Jiufu Technology Co., LTD finished the building of the second vanadium nitride production line and started to use from this Thursday, a source of this company told Asian Metal.

“We started to use the second vanadium nitride production line from 16 July,” said the source. Their vanadium nitride production capacity increased from 120tpm to 240tpm now. With adequate supply of raw materials, they could at most produce about 8tpd.

Located in Chongyang, they are one of nine producers for vanadium nitride in Hubei. They produced about 1,440t in 2019 and about 600t in the first half of this year. They produced about 120t in June and expect about 200t in July, holding about 60t of regular stocks, unchanged from last month.

At present, mainstream prices of Chinese vanadium nitride stand at RMB167,000-170,000/t (USD31-31.5/kg V) delivered D/A 180 days, up by RMB1,000/t (USD0.2/kg V) from this Wednesday.