BEIJING (Asian Metal) 20 May 19 – Xinxing Ductile Iron Pipes Co., Ltd. finished bidding for vanadium nitride on May 9, announcing that it purchased 20t of vanadium nitride at RMB200,300/t (USD28,953/t) delivered D/A 180 days with the delivery to be made on May 24.

Currently, mainstream prices for Chinese vanadium nitride stand at RMB192,000-195,000/t (USD27,753-28,187/t) EXW D/A 180 days, down by RMB5,000/t (USD723/t) from last Friday. Due to weak downstream demand, many producers cut or suspended production