BEIJING (Asian Metal) 9 Jul 19 – Tianjin Weirunda New Material Technology Co., Ltd., with an annual capacity of 1,200t of vanadium nitride, began to heat its production lines in late June and expects to produce in late July its maiden products of high-nitrogen vanadium nitride which will have expected nitrogen contents of 19%min, higher than the ordinary type with only 5% contents.
“We have been undertaking equipment upgrading for over one year and now are ready to resume production in late July. What we will produced are all high-nitrogen vanadium nitride which will have 77%min vanadium contents and 19%min nitrogen contents, and therefore will have much better performances than ordinary vanadium nitride,” a source from the company said, adding that quotations they receive now for raw material vanadium pentoxide 98%min are mostly around the level of RMB120,000/t (USD8.1/lb V) EXW D/A 180 days, unchanged from last week.
Located in Baochi Economic Development Zone, Tianjin, the company is the only vanadium nitride producer in Tianjin.
This Tuesday in China, mainstream prices for vanadium nitride stay at RMB185,000-188,000/t (USD34.9-35.5/kg V) EXW D/A 180 days, unchanged from last week. Most producers are busy with delivering orders they signed previously with steel mills, and the Chinese spot market runs quietly. As raw material prices hover at a high level, insiders believe that prices for Chinese vanadium nitride would stay firm in the coming week.
www.asianmetal.com
