Date:Jul 25, 2018

BEIJING (Asian Metal) 25 Jul 18 – Shagang Group Anyang Yongxing Iron & Steel Co., Ltd. completed the bidding to purchase 40t of vanadium-nitrogen alloy at RMB410,000/t (USD78.31/kg V) Inc-VAT EXW D/P, up by RMB131,800/t (USD25.18/kg V) from last purchase. The bidding result laid a solid foundation for Chinese vanadium prices to remain at high level.

The company last purchased 40t of vanadium-nitrogen alloy at RMB278,200/t (USD53.14/kg V) Inc-VAT delivered D/P on May 15th before the price increase in the market.

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