The Production For Vanadium Nitride Of Panjin Yilong Increases To 700T In 2019

BEIJING (Asian Metal) 27 Dec 19 – With an annual production capacity of 1,000t for vanadium nitride, Panjin Yilong Metallurgy Co. LTD produced 700t of vanadium nitride in 2019, up by 500t from last year.

“We are a new comer in vanadium nitride market area. We started to produce vanadium nitride from October 2018 and we produced 200t last year. In 2019, we are operating well and produced 700t in total,” said the source. They quote at RMB145,000/t (USD26.9/kg V) EXW D/P at the moment. According to Asian Metal, this company uses nitrogen protection technology of fully automatic push-board kiln.

Located in Panjin Liaoning, they are one of the three vanadium nitride producers in the whole Northeast China.

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. Most dealing prices concentrated in the high range.