Date: Nov 13, 2018

BEIJING (Asian Metal) 13 Nov 18 – Shagang Group Anyang Yongxing Iron & Steel Co., Ltd. opened bidding for vanadium nitride starting on November 9, and they announced recently that they purchased 30t of vanadium nitride V77N16 at the final price of RMB760,000/t (USD141.74/kg V) Inc-VAT delivered D/A six months.

This purchase price was about RMB55,000/t (USD10.26/kg V) lower than the market expectation, which accelerate the decline in vanadium nitride prices again after Xinxing Ductile Iron Pipes announced their bidding results.

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