Chinese Vanadium Nitride Market Sees Reducing Output

BEIJING (Asian Metal) 17 Aug 22 – As market prices stayed below the cost line for long time, more and more producers couldn’t take the pressure and chose to reduce production.¬†Suppliers who have inventory hold strong mentality for price up. At present, the mainstream prices of Chinese vanadium nitride stand at RMB157,000-160,000/t (USD30.2-30.8/kg V) delivered D/A 180 days, up by RMB5,000/t (USD1/kg V) from late last week.¬†Considering that most producers prefer to hold back from selling for the moment, insiders believe that the mainstream prices of Chinese vanadium nitride would edge up in the coming week.

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