BEIJING (Asian Metal) 4 Sep 19 Xinxing Ductile Iron Pipes Co., Ltd. finished its bidding for vanadium nitride on August 29. They bought 20t at RMB200,000/t (USD36.2/kg V) Inc-VAT delivered D/A 180 days. The delivery will be made before October 15.
The bidding price is in line with market expectations, which strengthened the market confidence.
Currently, mainstream prices for Chinese vanadium nitride stand at RMB197,000-200,000/t (USD35.6-36.2/kg V) EXW D/A 180 days, up by RMB2,000/t (USD0.4/kg V) from last week. Producers are trying to increase their quotation slightly and waiting for more steel mills to confirm the dealing.
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