Chinese Vanadium Nitride Market Sees Sufficient Supply

BEIJING (Asian Metal) 8 Mar 23 РThough steel mills had strong demand, but Chinese vanadium nitride market prices still moved down slightly during the past week due to the sufficient supply in spot market. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB204,000-207,000/t (USD38.1-38.6/kg V) delivered D/A 180 days, down by RMB1,000/t (USD0.2/kg V) from late last week. Considering that raw material prices stay firm for the moment, insiders believe that the mainstream prices of Chinese vanadium nitride would stay in a stalemate in the coming week.

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