BEIJING (Asian Metal) 3 Jun 20 – Heilongjiang Jianlong Steel Co., Ltd. finished the construction of their third and the fourth production line for vanadium nitride. They would start to use the third one on 5 June and the fourth one at the end of June. The production capacity would increase to 480tpm.

“We could produce about 600tpm of vanadium pentoxide flake 98%min at the moment and if we use all the output to produce vanadium nitride, we could produce about 420tpm at most,” a source from this company said. They mainly supply Jianlong inner Jianlong Group now, who could consume about 160tpm of vanadium nitride at most. They would sell the other production in spot market.

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

At the moment, mainstream prices of Chinese vanadium nitride stand at RMB163,000-166,000/t (USD29.8-30.4/kg V) EXW D/A 180 days, up by RMB10,000/t (USD1.8/kg V) from last week.

www.asianmetal.com