Chinese Vanadium Nitride Prices Increase

BEIJING (Asian Metal) 14 Sep 22 РDue to the tight supply of raw material, Chinese vanadium nitride producers preferred to hold back from selling during the past week as they could hardly lock their raw material prices. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB172,000-175,000/t (USD32.2-32.8/kg V) delivered D/A 180 days, up by about RMB5,000/t (USD0.9/kg V) from middle last week. Considering that the market mentality keeps going strong, insiders believe that the mainstream prices of Chinese vanadium nitride would move up further in the coming week.

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