BEIJING (Asian Metal) 18 May 20 – Heilongjiang Jianlong Steel Co., Ltd. finished the construction of their second production line for vanadium nitride at the end of April and the production capacity increased to 2,400tpy. They would use their own vanadium pentoxide flake as raw materials.

“We finished the first production line at the start of March and the second at the end of April. We are building the third and the fourth now,” said the source. They are producing by two production lines this month and sell most of their production to their inner Jianlong Group. They sold 90t at RMB147,000/t delivered D/A 180 days this Monday. This company would consume their own vanadium pentoxide flake 98%min production as raw materials and would sell vanadium nitride in spot market on the basis of satisfying their own use in the near future.

Located in Shungyashan, Heilongjiang, they are the unique producer for vanadium nitride and vanadium pentoxide flake in local area.

This Friday, mainstream prices of Chinese vanadium nitride stand at RMB149,000-152,000/t (USD27.3-27.8/kg V) EXW D/A 180 days, up by RMB4,000/t (USD0.7/kg V) from one week ago.

www.asianmetal.com