BEIJING (Asian Metal) 17 Jan 20 – Chengde Jianlong Special Steel Co. LTD. produced 15,000t of vanadium pentoxide flake 98%min in 2019, up by 87.5% from 2018.
“As Heilongjiang Jianlong’s production returned to normal, our output for vanadium products increased a lot in 2019. We produced 15,000t of vanadium pentoxide flake 98%min and 3,000t of vanadium nitride in total in 2019,” said the source of this company. This company built 4 production lines for vanadium nitride in Chengde in 2019 and they started to produce vanadium nitride from last June. They are also building another 8 production lines for vanadium nitride lines in Heilongjiang now. According to Asian Metal, this company produced 8,000t of vanadium pentoxide flake 98%min in 2018.
Located in Hebei and Heilongjiang, they are one of the top 5 vanadium producers in China.
Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min stand at RMB92,500-95,500/t (USD6.2-6.4/lb V2O5) EXW D/A 180 days, vanadium nitride stand at RMB145,000-148,000/t (USD27.4-28.0/kg V) EXW D/A 180 days, all unchanged from last week.
www.asianmetal.com
