Chinese Vanadium Nitride Market Sees Stalemate Mentality

BEIJING (Asian Metal) 11 May 23 РDue to the soft rebar market, Chinese vanadium nitride producers could hardly increase their prices. However, in view of the stalemate raw material prices, vanadium nitride market mentality fall into a stalemate this week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB152,000-155,000/t (USD28.6-29.1/kg V) Delivered D/A 180 days, down by RMB1,000/t (USD0.2/kg V) from this Monday. Considering that few producers would like to loosen their prices to promote sales anymore, insiders believe that the mainstream prices of Chinese vanadium nitride would stay in a stalemate in the coming week.

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