Yongfeng steel factory plans to purchase vanadium nitride at the end of November

Date: Nov 21, 2018

BEIJING (Asian Metal) 21 Nov 18 – Yongfeng Shandong Laiwu Iron and Steel Co., Ltd. plans to purchase 100t vanadium nitride at the end of November, a source from this company told Asian Metal.

“The prices of vanadium market are showing downtrend at the moment, but we won’t change our purchase plan. We would like to buy 100t vanadium nitride as usual at the end of this month. Our target price is RMB740,000/t (USD148.06/kg V) Inc-VAT Delivered D/A 180 days, down by RMB50,000/t (USD10.00/kg V) from last month,” said the source. He learned some small traders quote vanadium nitride at lower prices, but they only keep small stocks. Considering pirces of the raw material vanadium pentoxide flake keep high, he believes prices of Chinese vanadium nitride would be firm in the coming week. He told Asian Metal that their last deal was made late this October, when they bought 100t at RMB790,000/t (USD158.06/kg V).

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