Chinese Vanadium Nitride Market Prices Up

BEIJING (Asian Metal) 22 Aug 22 – Though terminal users’ demand kept reducing, considering that most vanadium nitride producers reduced and even closed production totally due to the cost upside down for long term, Chinese vanadium nitride suppliers had strong mentality to increase their prices during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB163,000-166,000/t (USD31.2-31.7/kg V) delivered D/A 180 days, up by RMB6,000/t (USD1.1/kg V) from middle last week.¬†Considering that no signs show that steel-mills would increase their consumption, insiders believe that the mainstream prices of Chinese vanadium nitride would stay in a stalemate in the coming week.

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