Chinese Vanadium Nitride Prices Move Down Slightly

BEIJING (Asian Metal) 23 Mar 23 РDue to the sufficient supply in spot market, Chinese vanadium nitride market mentality went weak accordingly during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB201,000-204,000/t (USD37.5-38.1/kg V) delivered D/A 180 days, down by RMB1,000/t (USD0.2/kg V) from late last week. Considering that most producers face growing inventory pressure for the moment, insiders believe that the mainstream prices of Chinese vanadium nitride would move down slightly in the following week.

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