BEIJING (Asian Metal) 19 Mar 20 – With the gradually relaxation of virus control in China, Xinjiang Zhonghao Vanadium Technology Co. LTD. resumed production for vanadium nitride this Monday. Their total production capacity keeps at 1,200tpy.
“We resumed production for vanadium nitride from this Monday and we are looking for raw materials of vanadium pentoxide flake 98%min now. We prepare to produce 100t in the coming month, which would be enough for a month’s consumption of all steel mills in Xinjiang,” said the source. The current prices for vanadium pentoxide flake 98%min they received stands at RMB94,000/t (USD6.2/lb V2O5) EXW D/P, unchanged from last week.
Located in Changji, they are the only one producer for vanadium nitride in Xinjiang. They produced 800t in total in 2019 and they were out of production during the past two months because of the virus.
Currently, mainstream prices of Chinese vanadium nitride stand at RMB142,000-145,000/t (USD26.3-26.8/kg V) EXW D/A 180 days, down by RMB3,000/t (USD0.6/kg V) from last week.
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