BEIJING (Asian Metal) 29 Mar 22 – Supported by the current raw material prices, most vanadium nitride producers prefer to hold back from selling and market mentality stays bullish now. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB215,000-218,000/t (USD43.9-44.5/kg V) EXW D/A 180 days, unchanged from middle last week. As most steel mills started their purchase for April and vanadium nitride market inventory pressure kept declining, insiders believe that the mainstream prices of Chinese vanadium nitride would stay in a stalemate in the coming week.
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