The Production For Vanadium Nitride Of Jiangxi Sking Drops By 3.3% In 2019

BEIJING (Asian Metal) 30 Dec 19 – With an annual production capacity of 3,600t for vanadium nitride, Jiangxi Sking New Material Group Co., Ltd. produced 1,160t of vanadium nitride in 2019, down by 3.3% from last year.

“This year, the supply situation of vanadium nitride keeps loose and prices drop again and again. We mainly produced for our long-term clients and we didn’t enlarge our production volume in 2019. We produced 1,160t in total this year,” said the source. They quote RMB148,000/t (USD27.5/kg V) EXW D/A 180 days and can accept RMB147,500/t (USD27.4/kg V) for firm bids now. According to Asian Metal, this company produced 1,200t in 2018.

Located in Jiujiang, they are one of the four producers in Jiangxi.

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, unchanged from late last week. Major steel mills refuse to buy at higher price level but few producers would like to drop their quotation to absorb new orders as their cost keeps high.