Chinese Vanadium Nitride Prices Decline

BEIJING (Asian Metal) 26 Jul 22 РDue to the soft rebar market, Chinese vanadium nitride market saw sufficient supply and the market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB154,000-157,000/t (USD/kg V) delivered D/A 180 days, down by RMB9,000/t (USD/kg V) from middle last week. Considering that few rebar steel-mills could cover their production now, insiders believe that the mainstream prices of Chinese vanadium nitride would keep declining in the coming week.

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