Chinese Vanadium Nitride Inventory Keeps Growing

BEIJING (Asian Metal) 29 Apr 22 РDue to the soft demand from terminal users, Chinese vanadium nitride market saw growing inventory and market mentality stayed weak during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB202,000-205,000/t (USD40.3-40.9/kg V) delivered D/A 180 days, unchanged from late last week. Considering that the sufficient supply in spot market continues, insiders believe that the mainstream prices of Chinese vanadium nitride would stay weak in the coming week.

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