Chinese Vanadium Nitride Prices Drop

BEIJING (Asian Metal) 19 May 22 РDue to the soft demand from terminal user, Chinese vanadium nitride market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB188,000-191,000/t (USD36.3-36.9/kg V) EXW D/A 180 days, down by RMB7,000/t (USD1.4/kg V) from late last week. Considering that most producers face inventory pressure now, insiders believe that the mainstream prices of Chinese vanadium nitride would keep moving down in the coming week.

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