BEIJING (Asian Metal) 10 Mar 20 – Heilongjiang Jianlong Steel Co.,LTD finished the construction of their first production line for vanadium nitride early March and would start to produce within this month. With an annual production capacity of 1,200t, they will use their own vanadium pentoxide flake as raw materials.
“We produced 500t of vanadium pentoxide flake 98%min in February and we just sold 64t this week at RMB93,000/t (USD6.2/lb V2O5) EXW D/P. We are in no hurry to accept orders as our vanadium nitride production line finished construction early this mongh,” said the source. They plan to build 8 production lines and this is their first line. They would consume their own vanadium pentoxide flake 98%min production as raw materials and would have the output for vanadium nitride within March.
Located in Shungyashan, Heilongjiang, they are the unique vanadium nitride produer and vanadium pentoxide flake producer in local area. According to Asian Metal, Jianlong Group produced 15,000t of vanadium pentoxide flake and 8,000t of vanadium nitride in 2019. Jianlong Group is the top 5 vanadium producer in China.
Currently, mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB93,000-96,000/t (USD6.2-6.4/lb V2O5) EXW D/A 180 days, down by RMB2,000/t (USD0.1/lb V2O5) from last week. Mainstream prices for vanadium nitride stand at RMB147,000-150,000/t (USD27.5-28.0/kg V) EXW D/A 180 days, unchanged from last week.
www.asianmetal.com
