Yongfeng Steel Finishes Bidding For Vanadium

BEIJING (Asian Metal) 5 Sep 19 – Yongfeng Iron & Steel Co., Ltd. under Laiwu Steel Group finished its bidding for vanadium nitride on September 2. They bought 160t at RMB197,000/t (USD35.8/kg V) Inc-VAT delivered D/A 180 days.

The bidding price is in line with market expectations, which strengthened the market confidence.

This Thursday, mainstream prices for Chinese vanadium nitride stand at RMB197,000-200,000/t (USD35.8-36.4/kg V) EXW D/A 180 days, unchanged from yesterday.