The Production For Vanadium Nitride Of Fujian Xinhao Reduces By 23% In 2019

BEIJING (Asian Metal) 27 Dec 19 – With a production capacity of 1,200tpy of vanadium nitride, Fujian Xinhao High-Tech Material Technology Co. LTD produced 540t of vanadium nitride in 2019, down by 23% from last year.

“We mainly produce for our regular steel mill clients, who have long-term cooperation with us. According to our orders, we only produced 9 months this year and the total production is 540t in 2019,” said the source. According to Asian Metal, this company produced 700t in 2018.

Located in Ningde, they are one of the two vanadium nitride producers in Fujian.

Currently, mainstream prices for Chinese vanadium nitride stand at RMB145,000-148,000/t (USD26.9-27.5/kg V) EXW D/A 180 days, down by RMB3,000/t (USD0.6/kg V) from last week.