Chinese Vanadium Nitride Market Stays Negative

BEIJING (Asian Metal) 12 Apr 22 – Due to the sufficient supply in spot market, Chinese vanadium nitride market mentality kept weak during the past week. At present, the mainstream prices of Chinese vanadium nitride stand at RMB202,000-205,000/t (USD41.2-41.8/kg V) delivered D/A 180 days, down by RMB3,000/t (USD0.6/kg V) from late last week.¬†However, as raw material prices didn’t drop accordingly and with the consumption of market inventory, insiders believe that the mainstream prices of Chinese vanadium nitride would stay in a stalemate in the coming week.

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