Prices of vanadium nitride (VN) in China reached a seven-month high as of June 9, mainly because of the solid demand from domestic steel mills enjoying high steel production, market sources said on Wednesday. At the same time, output of the key VN raw material, vanadium pentoxide, was steady.
As of June 9, China’s national price for VN had risen by another Yuan 13,000/tonne ($1,838.9/t)on week to Yuan 172,000/t including 13% VAT, a new high since last October 28, according to Mysteel’s assessment. Chinese production of finished steel, especially rebars, has been active since early this year, given the supportive
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