Chinese Vanadium Nitride Market Sees Increasing Inventory

BEIJING (Asian Metal) 31 Mar 22 РDue to COVID-19 control, Chinese vanadium nitride market saw soft demand and most producers faced increasing inventory pressure during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB210,000-213,000/t (USD42.9-43.5/kg V) EXW D/P, down by RMB2,000/t (USD0.4/kg V) from late last week. Considering that most producers have enough stocks and the soft market mentality continues, insiders believe that the mainstream prices of Chinese vanadium nitride would stay weak in the coming week.

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